Starting from March 1, a large-scale pension indexing will take place in Ukraine, affecting the majority of citizens. The increase will be at least 10%, with some pensioners seeing their payments rise by 1000 UAH. This information is reported in the article from "OBOZ.UA".
Currently, the exact amount of the increase has not yet been determined. Given that inflation last year was higher than expected (12% instead of the planned 9.7%), the level of indexing may exceed 10%.
Pensions may be increased by various amounts:
- by 100-200 UAH. The amount of the increase depends on the calculated pension you have. For instance, if your calculated pension amount (not the actual payment, but what is computed according to the formula) is less than the minimum wage (2361 UAH), the increase will be 100-200 UAH;
- by 300-400 UAH. Most Ukrainians can expect an increase of 300 to 400 UAH. This applies to those receiving a calculated pension between 3000 and 4000 UAH;
- by 400-500 UAH. Such an increase is anticipated for a significant number of Ukrainians. This group includes those whose calculated pension amount is up to 5000 UAH;
- by over 1000 UAH. A substantial increase (of more than 1000 UAH) will be granted to those whose calculated pension exceeds 10,000 UAH. It's important to note that all special pensions are indexed according to specific laws. Consequently, those who already receive high payments will not see an increase.
At the same time, this year, Ukrainians can expect a number of changes regarding the pension calculation procedure. Starting January 2025, new conditions for retirement by age will come into effect in Ukraine: to retire at 60, one must have 32 years of service.