Economy

Pensions will be raised in Ukraine in the spring. But not for everyone

The average increase is UAH 260, the smallest is UAH 100.

The Cabinet of Ministers approved the indexation of pensions. More than 10 million pensioners fall under it. This is 2 million more than usual. The decision will enter into force on March 1, 2022.

The average increase is UAH 260, the smallest is UAH 100.

Indexation of 14% will also be carried out for payments to military personnel (on average +705 UAH), disability pensions for victims of the Chernobyl disaster (+1100 UAH) and additional payments to Ukrainians over the age of 75 (+456-570 UAH).

For those whose pensions are not subject to indexation, a monthly supplement of UAH 1 will be made from March 135.

"From March 1, indexation will be 14%. This will concern 8 million Ukrainians who receive insurance pensions. And also for the first time, according to a new principle, we are increasing military pensions. As a result, half a million more recipients will receive an increase. In addition, starting from March 1, we will establish an additional payment for half a million people who are not subject to indexation, since pensions were assigned to them during the last three years, "Shmygal said.

In addition, according to the government's decision, the so-called social pensions, which were supposed to increase only in December 2022 due to the increase in the living wage, will now be indexed.

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