Retirement age in Ukraine: what time do people retire in 2021?

When to apply for a pension

In Ukraine, old-age pensions are assigned in accordance with the law “On Compulsory State Insurance” and subject to the following conditions:

• availability of sufficient insurance experience;
• reaching retirement age.

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A Ukrainian receives the right to receive a pension upon reaching retirement age. A person can apply for payments at any time after reaching retirement age or no earlier than a month before reaching this age.

If a potential pensioner applies to the Pension Fund no later than three months from the date he reaches retirement age, payments will be assigned from the next day after reaching the age of retirement.

Regarding the retirement age, according to the pension reform, from October 1, 2011, the retirement age and the minimum insurance period required to assign these payments have been increased. And from January 1, 2021, there is a gradual increase in the pension period in Ukraine. So Ukrainians can go on a well-deserved rest and receive a pension after reaching 60 years of age and if they have insurance coverage:

• from January 1, 2021 to December 31, 2021 – at least 27 years of age;
• from January 1, 2021 to December 31, 2021 – at least 28 years of age;
• from January 1, 2022 to December 31, 2022 – at least 29 years of age;
• from January 1, 2023 to December 31, 2023 – at least 30 years;
• from January 1, 2024 to December 31, 2024 – at least 31 years of age;
• from January 1, 2025 to December 31, 2025 – at least 32 years;
• from January 1, 2026 to December 31, 2026 – at least 33 years;
• from January 1, 2027 to December 31, 2027 – at least 34 years old;
• starting from January 1, 2028 – at least 35 years.

Ukrainian men and women have the same retirement age – 60 years. True, representatives of the fair half of humanity will retire at 60 only from 2021. Now for women born in 1961 and older, the retirement age is increasing gradually.

• Those born before September 30, 1956 will retire at age 55.
• Those born between October 1, 1956 and March 31, 1957 will retire at 55 years and 6 months.
• Those born between April 1, 1957 and September 30, 1957 will retire at age 56.
• Those born between October 1, 1957 and March 31, 1958 will retire at 56 years and 6 months.
• Those born between April 1, 1958 and September 30, 1958 will retire at age 57.
• Those born between October 1, 1958 and March 31, 1959 will retire at 57 years and 6 months.
• Those born between April 1, 1959 and September 30, 1959 will retire at age 58.
• Those born between October 1, 1959 and March 31, 1960 will retire at 58 years and 6 months.
• Those born between April 1, 1960 and September 20, 1960 will retire at age 59.
• Those born between October 1, 1960 and March 31, 1961 will retire at 59 years and 6 months.
• Those born between April 1, 1961 and December 31, 1961 will retire at age 60.

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If a woman or man worked for some time without official registration or for other reasons does not have sufficient work experience, they will be granted old-age pensions after reaching 63 years of age. However, to calculate payments, you still need to have work experience:

• from 01/01/2020 to 31/12/2020 – from 17 to 27 years;
• from 01/01/2021 to 31/12/2021 – from 18 to 28 years;
• from 01/01/2022 to 31/12/2022 – from 19 to 29 years old;
• from 01/01/2023 to 31/12/2023 – from 20 to 30 years;
• from 01/01/2024 to 31/12/2024 – from 21 to 31 years;
• from 01.01.2025 to 31.12.2025 – from 22 to 32 years;
• from 01/01/2026 to 31/12/2026 – from 23 to 33 years;
• from 01/01/2027 to 31/12/2027 – from 24 to 34 years;
• starting from January 1, 2028 – from 25 to 35 years.

It is important that from 2028, if a person has 40 years of work experience, a pension will be assigned to him regardless of age.

Innovations in 2020: retirement age

In 2021, many updates are expected for those who have retired or are planning to do so. In our country, old-age pension payments are assigned in accordance with the law “On Compulsory State Insurance”, as well as subject to two nuances:

• availability of the necessary insurance experience;
• reaching the age of 60 years.

If a future pensioner comes to the Pension Fund no later than 3 months from the date he reaches the required age to receive a pension, payment will be assigned from the next day after reaching the retirement age.

Draft laws and changes on retirement age in Ukraine

According to the latest data, a bill has been proposed in Ukraine that would change the retirement age for women. The authors of the bill, registered in the Verkhovna Rada by Servants of the People, believe that in 2011 women were treated unfairly. More precisely, the time of retirement should not depend on the date of birth. If the proposed bill is approved, women will become pensioners much earlier - at 55 years old. However, there is an important limitation: this will only become possible if there is no job, that is, it will be prohibited to work and receive a pension at the same time at 55 years of age.

As for the male population, in Ukraine by 2028, approximately half of 60-year-old men will be able to retire on time. The rest, due to lack of experience, will work until they are 63 or 65 years old. The Ministry of Social Policy indicated that in 2028 only 55% of men will have the required years of experience. Those who remain will have to work until they are 63 and 65 years old. The number of pensioners who will not receive pensions will increase annually.

It is important to distinguish between old age pension and long service pension payments. Thus, “age” pension payments today are tied to the border of 60 years for women and 65 years for men. But in a number of professions, pensions are provided based on length of service.

Minimum pensions 2020

In 2021, the size of the minimum pension will increase, since the cost of living will increase from December 1. True, payments will grow very slowly: the increase will be 74 hryvnia. Thus, after recalculation, pensioners will receive 1,638 hryvnia instead of 1,564 hryvnia.

On topic: How pensions will grow in 2021: state budget law

The next recalculation of minimum pensions is scheduled for July 1, payments will increase to 1,712 hryvnia, subsequently on December 1, 2020, the amount will increase to 1,769 hryvnia. The greatest increase in pensions will be felt by those who have the maximum: from 15,640, payments will increase to 16,380 hryvnia.

Payments are recalculated automatically, so there is no need to contact the Pension Fund.

Innovations in 2021: retirement age

In 2021, many updates are expected for those who have retired or are planning to do so. In our country, old-age pension payments are assigned in accordance with the law “On Compulsory State Insurance”, as well as subject to two nuances:

• availability of the necessary insurance experience;
• reaching the age of 60 years.

If a future pensioner comes to the Pension Fund no later than 3 months from the date he reaches the required age to receive a pension, payment will be assigned from the next day after reaching the retirement age.

Draft laws and changes on retirement age in Ukraine

According to the latest data, a bill has been proposed in Ukraine that would change the retirement age for women. The authors of the bill, registered in the Verkhovna Rada by Servants of the People, believe that in 2011 women were treated unfairly. More precisely, the time of retirement should not depend on the date of birth. If the proposed bill is approved, women will become pensioners much earlier - at 55 years old. However, there is an important limitation: this will only become possible if there is no job, that is, it will be prohibited to work and receive a pension at the same time at 55 years of age.

As for the male population, in Ukraine by 2028, approximately half of 60-year-old men will be able to retire on time. The rest, due to lack of experience, will work until they are 63 or 65 years old. The Ministry of Social Policy indicated that in 2028 only 55% of men will have the required years of experience. Those who remain will have to work until they are 63 and 65 years old. The number of pensioners who will not receive pensions will increase annually.

It is important to distinguish between old age pension and long service pension payments. Thus, “age” pension payments today are tied to the border of 60 years for women and 65 years for men. But in a number of professions, pensions are provided based on length of service.

Minimum pensions 2021

In 2021, the size of the minimum pension will increase, since the cost of living will increase from December 1. True, payments will grow very slowly: the increase will be 74 hryvnia. Thus, after recalculation, pensioners will receive 1,638 hryvnia instead of 1,564 hryvnia.

On topic: How pensions will grow in 2021: state budget law

The next recalculation of minimum pensions is scheduled for July 1, payments will increase to 1,712 hryvnia, subsequently on December 1, 2021, the amount will increase to 1,769 hryvnia. The greatest increase in pensions will be felt by those who have the maximum: from 15,640, payments will increase to 16,380 hryvnia.

Payments are recalculated automatically, so there is no need to contact the Pension Fund.

Raising the retirement age in Ukraine

Today, the retirement age is gradually increasing. This is due to the fact that at the end of 2021, World Bank specialists proposed to the Cabinet of Ministers of Ukraine a plan to increase the retirement age in order to solve the problem of the growing deficit of the Pension Fund. They recommended warning the population about this several years before the new law comes into force so that people can adapt to the new conditions. This practice of “deferred” promotion has been successfully used abroad. This allowed people to better adapt to the new rules. The World Bank also supports the Ukrainian reform of increasing the importance of the role of insurance experience.

The formal age for retirement remains 60 years (for both men and women). But now the requirements for the length of insurance coverage have increased. Moreover, with each subsequent year, the length of service should increase by a year, i.e. every year - plus 12 months.

For example, in 2028, to receive a pension at the age of 60, a person will need to have 35 years of work experience. If he does not have such experience, he will be able to retire only at 63 years old. Even if by the age of 65 a person has less than 15 years of experience, he may not be granted a pension! He will only receive social assistance, the amount of which will be determined by the level of family income.

Retirement age and insurance period

Formally, the retirement age for men and women remained at the same level - 60 years, however, the requirements for work experience have increased. Only those Ukrainians who have worked and paid contributions for 25 years or more can retire upon reaching retirement age.

With each subsequent year, the requirements for the amount of required insurance experience for a pension will increase (+ 12 months). Thus, by 2028 you will need to have 35 years of experience. Those who do not have it will be able to retire only at 63 years old. If by the age of 65 a person has less than 15 years of insurance coverage, he will not receive a pension. Instead, social assistance will be provided, the amount of which is determined based on the income level of the pensioner’s family.

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In addition, the Pension Reform provides for the provision of temporary state pensions to Ukrainian citizens between 01/01/2019 and 12/31/2020. social assistance. It is prescribed to non-working persons who have reached the established retirement age, have at least 15 years of insurance experience, but have not received the right to pension payments. Cash assistance will be issued for the period until the acquisition of the right to an old-age pension in the amount of the subsistence minimum for persons who have lost their ability to work.

Retirement age in Ukraine and preferential categories of pensioners

As we have already found out, the retirement age is tied to length of service, and every next year the requirements for the amount of required insurance experience will increase. At the same time, there are categories of citizens who have the right to a pension on preferential terms.

These include:

• Workers employed full-time in underground work, in work with particularly harmful and particularly difficult working conditions ( list No. 1 ). These people can retire when they turn 50 and have at least 25 years of work experience for men, of which at least 10 years in the specified jobs, and at least 20 years for women, of which at least 7 years 6 months on these jobs.
• Workers employed full-time in other jobs with harmful and difficult working conditions ( list No. 2 ). These employees can plan to retire upon reaching the age of 55 and with at least 30 years of work experience for men, of which at least 12 years 6 months in the specified jobs, and at least 25 years for women, of which at least 10 years in the specified jobs works.
• Tractor drivers and others employed in agriculture. Men can count on retirement from the age of 55, but if they have a total work experience of at least 30 years, of which at least 20 years in the specified positions.
• Women who worked as tractor drivers, drivers of construction, road and loading and unloading machines mounted on tractors and excavators . It is enough for them to have a total work experience of 25 years, of which 15 years at the specified job and retire at 55 years.
• Milkmaids (machine milking operators), pig farmers-operators at agricultural enterprises; women engaged in tobacco cultivation; textile workers. Their retirement age is also 55 years and their work experience is at least 20 years.
• Women who have worked in agriculture and raised five or more children are entitled to preferential pensions regardless of age and length of service.
• Drivers of urban passenger transport and trucks employed in heavy and hazardous industries . They can apply for pensions at age 55. Men must have 30 years of experience, including at least 12 years 6 months in these positions; respectively, for women - 25 and at least 10 years.

In addition to preferential conditions for retirement, Ukrainian legislation retains the concept of a long-service pension . It is prescribed to people who were employed in work, the performance of which could lead to professional disability before retirement age. An important condition for granting a pension for long service is a certain length of work in the specialty and dismissal from this place of work. In some cases, they are appointed regardless of age, in others, age and length of service are established.

Have the right to a long service pension

Retirement age in Ukraine: 2021

The law, which modernizes pension reform in Ukraine and changes the retirement age, will be introduced in stages.

The insurance period is an important point that has been in force in Ukraine since 2004. Since this period, it has been of considerable importance, namely, how long and to what extent the employer paid insurance contributions to the Pension Fund, and not the fact how many people worked in the company. You should make sure in advance that you will have enough insurance coverage to definitely receive a pension in old age. Otherwise, you can buy it.

Retirement age in Ukraine for women, table

Starting from 2028, the insurance period must be at least 35 years. Women can now retire at age 59 and a half. In the table below you can calculate when you can retire. Pensions in Ukraine are especially interesting for women who do not want to work extra years or add additional experience.

Women

Starting from 2028, the insurance period must be at least 35 years.

Retirement age in Ukraine for men

For reference:

• a loan at 0% can be obtained for up to 10 days;
• more than 650 companies provide microcredit services in Ukraine, and most of them provide loans to pensioners
• The concept of an urgent loan means filling out an application online and receiving a response within 4-15 minutes.

To calculate a man's retirement age, also use the above table.

The size of the old-age pension from January 2021 is 1669.20 UAH, this is the minimum amount that a pensioner can receive. For those who worked and managed to earn experience, 1% will be added for each year.

All Ukrainians who have reached 63 years of age and have earned the established insurance period can count on 40% of the minimum wage, but not less than 1,497 UAH. When the minimum wage is increased, this amount will automatically increase.

Men

The minimum age pension from January 2021 is UAH 1,669.20. Next, the size of wages and insurance premiums is taken into account. If you have work experience under difficult employment conditions, you will receive an addition to the accrued amount of 1% for each year of work. Anyone who has reached the age of 63 and has earned the established insurance period can count on 40% of their average salary. When the minimum wage increases, the pension amount will be automatically recalculated.

Retirement age in Ukraine: 2021

The law, which modernizes pension reform in Ukraine and changes the retirement age, will be introduced in stages.

The insurance period is an important point that has been in force in Ukraine since 2004. Since this period, it has been of considerable importance, namely, how long and to what extent the employer paid insurance contributions to the Pension Fund, and not the fact how many people worked in the company. You should make sure in advance that you will have enough insurance coverage to definitely receive a pension in old age. Otherwise, you can buy it.

Retirement age in Ukraine for women, table

Starting from 2028, the insurance period must be at least 35 years. Women can now retire at age 59 and a half. In the table below you can calculate when you can retire. Pensions in Ukraine are especially interesting for women who do not want to work extra years or add additional experience.

Women

Starting from 2028, the insurance period must be at least 35 years.

Retirement age in Ukraine for men

For reference:

• a loan at 0% can be obtained for up to 10 days;
• more than 650 companies provide microcredit services in Ukraine, and most of them provide loans to pensioners
• The concept of an urgent loan means filling out an application online and receiving a response within 4-15 minutes.

To calculate a man's retirement age, also use the above table.

The size of the old-age pension from January 2021 is 1669.20 UAH, this is the minimum amount that a pensioner can receive. For those who worked and managed to earn experience, 1% will be added for each year.

All Ukrainians who have reached 63 years of age and have earned the established insurance period can count on 40% of the minimum wage, but not less than 1,497 UAH. When the minimum wage is increased, this amount will automatically increase.

Men

The minimum age pension from January 2021 is UAH 1,669.20. Next, the size of wages and insurance premiums is taken into account. If you have work experience under difficult employment conditions, you will receive an addition to the accrued amount of 1% for each year of work. Anyone who has reached the age of 63 and has earned the established insurance period can count on 40% of their average salary. When the minimum wage increases, the pension amount will be automatically recalculated.

How to apply for an old age pension

After reaching retirement age, a citizen of Ukraine receives the right to a pension. Regulates the process of registration of pensions. The procedure for submitting and processing documents for the assignment (recalculation) of pensions in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”.

You can apply for it at any time after the rights to it arise or no earlier than a month before reaching retirement age. But you shouldn’t delay it either. Only if a person applies to the Pension Fund no later than 3 months from the date he reaches retirement age, a pension will be assigned from the next day after the retirement age.

What documents will be needed to apply for an old-age pension?

• application in the prescribed form;
• passport (original and photocopy);
• documents about the place of residence (registration) of the pensioner;
• children's birth certificate (if necessary);
• marriage certificate (if necessary, original and photocopy);
• application and current account number at an authorized bank institution;
• work book (original and photocopy) and other documents on work experience;
• identification code or certificate of compulsory state social insurance;
• a certificate from the military registration and enlistment office confirming military service, military ID (if any);
• diploma and other documents that confirm periods of full-time study until 01/01/2004 (original and photocopy);
• at the request of the pensioner and subject to confirmation by primary documents, a salary certificate for any 60 consecutive months until June 30, 2000, regardless of breaks.

The list is quite large, but the gradual transfer of data into digital format significantly reduces bureaucracy.

Documents required for applying for an old-age pension

The assignment of pension payments on the territory of Ukraine is carried out subject to the appropriate age and insurance period. The package of documents required for submission to the PFU is presented:

• an application on behalf of a person applying for a pension;
• an original and a copy of a document confirming the person’s identity;
• inn;
• certificate from place of residence or registration;
• birth statistics of children if necessary);
• a copy and original document confirming work experience;
• certificate of state insurance;
• original military ID;
• documents on education, on full-time studies in educational institutions up to 01/01/2004;
• a certificate confirming the employee’s earnings for the last 5 years.

Initially, the future document is addressed to the Pension Fund for the purpose of calculating the pension using an online calculator, thanks to which it will first familiarize itself with future payments.

How to apply for a pension without registration

From January 1, 2021, pensions can be issued not at the place of registration, but at the place of actual residence within Ukraine. Such changes are included in the strategy for modernization and development of the Pension Fund until 2021, adopted by the Cabinet of Ministers of Ukraine. Thus, a pensioner can apply to any institution of the Pension Fund system, taking with him the necessary documents. The case for granting a pension will be generated electronically. The pension is assigned automatically; a Pension Fund employee is needed only at the stage of entering information into the electronic database, which significantly shortens the procedure.

And after the launch of the Unified Register of Pensioners and Taxpayers in 2021, receiving a pension anywhere in our country has become even easier. By the way, this service allows you to avoid paying pensions to “dead souls”.

Changing the retirement age in Ukraine - depending on the category

In the coming years, the retirement age will depend on the length of service, in monetary terms - on the size of salary. Despite the fact that the length of service for retirement has been increased, each category of workers on well-deserved retirement will receive different monetary remuneration.

Teachers

According to the pension reform, 30 years of experience is mandatory for teachers. If it is available, the retirement age in Ukraine in 2021 may be 55 years. In addition, teachers can count on additional payment for length of service. Starting from 04/01/2019 to 03/31/2020, in order to take leave based on age, a teacher only needs to have 27 years and 6 months of experience. If it’s not there, you’ll have to work for years.

Combatants

Changes in the retirement age in Ukraine also affected combatants. Afghans also fall into this category. The retirement age for women in Ukraine, provided they have the specified category and have at least 20 years of experience, is 50 years, for men with 25 years of experience - 55 years.

The package of documents for obtaining a cash benefit is slightly different from the usual one. Therefore, before switching to retirement, consultation with a PFU specialist is necessary.

Miners

Miners and other workers whose activities are related to the mining industry with at least 25 years of experience, miners, miners, miners with at least 20 years of experience can count on a pension regardless of their true age.

Disabled people

Disabled people of groups 1, 2, 3 of general illness can count on old-age benefits if they have sufficient insurance coverage. For example, to retire at the age of 56, disabled people of groups 2 and 3 need at least 14 years of insurance experience. Upon reaching the retirement age established by law, in order to receive payments, a disabled person must have at least 15 years of insurance experience.

Military personnel

When asked what the retirement age is for military personnel in Ukraine, PFU specialists answer that the retirement age of this category is 65 years for men with 35 years of work experience and women with 30 years of experience. At the same time, the legislation provides for the recalculation of payments. The increase will be from 15% to 40% depending on the rank, type of work and place of service.

Beneficiaries

The category of beneficiaries includes women aged 45 years, who have half of the minimum work experience (15 years) in the mining industry.

The retirement age for men in 2021 in Ukraine can be 50 years, provided that half of the minimum allowable insurance period (20 years) is work in a mine. The conditions for retirement at 55 years of age are suitable for women who raised 5 or more children or a disabled child.

Recalculation of pensions in Ukraine

The increase in pensions in Ukraine occurred retroactively. Updating previously assigned pensions, incl. and for working pensioners, carried out according to a single formula, regardless of the year in which the pensions were issued. The basis is the average salary indicator for all pensioners for the last 3 years (2014-2016) in the amount of 3764.4 hryvnia.

After the recalculation, about 1.3 million pensioners received an increase in their pension in the amount of 200 UAH/month, and the pension amount increased by 200 to 500 UAH for another 1.2 million Ukrainians. The pension payments of almost 2 million people were replenished with an additional amount in the range of 500-1000 hryvnia. For approximately 1.1 million more citizens, pensions increased by more than 1,000 hryvnia.

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Also, from October 1, the cost of living indicator for disabled citizens, to which the size of the minimum pension in Ukraine is tied, has been revised. Now the amount of minimum pension payments is 1,452 hryvnia. For people who do not have the necessary length of service to qualify for a pension, the amount of social benefits has been increased to UAH 1,373.

The minimum pension for miners increased by 420 hryvnia and is now 4356 hryvnia. The supplement to the minimum amount of pension payments for Chernobyl victims is: for the 1st category - 399 UAH, the second - 357 UAH. and 315 hryvnia for the third category of victims of the Chernobyl accident.

According to the PFU, the minimum pension for combatants is set at 2 thousand 395 hryvnia, which is 231 UAH. more than the previous level. Payments have also increased for war invalids: for group 1 - 4138 UAH, for group 2 - 3702 UAH, for group 3 - 3267 UAH.

Recalculation of pensions is carried out automatically without additional treatment. Payment of modernized (increased) pensions in Ukraine began in October.

Calculation of pensions in Ukraine

Two conditions are met when calculating payments:

• insurance experience;
• retirement age.

In the period from the beginning of 2021 to 2028, the length of service is systematically increased from 25 to 35 years, annually by 12 months.

The old-age pension for any Ukrainian in 2021 is calculated using a single formula, but the final amount depends on the amount of earnings from which insurance premiums were levied and the length of service. There is a wide range of additional payments, allowances, and increases.

Note from BBQcash: payments are accrued from the second day from the date of reaching the specified age, if the application to the Pension Fund occurred no earlier than 1 and no later than 3 months.

The minimum amount of the old-age pension for January 2021 is UAH 1,669.20. Today this is 40% of the lower wage level. This amount will automatically increase if the minimum wage increases.

From January of this year, Ukrainians who have made contributions for at least 15 years will retire at the age of 65. 40 calendar years of insurance experience ensures receipt of a pension regardless of age.

From January 1, 2021, Ukrainians will go on a well-deserved rest, regardless of gender:

The state provided the right to purchase the missing experience. Double the minimum insurance amount is paid per month. About 84,000 UAH. you will have to spend the maximum period of missing experience of 5 years.

Important information from BBQcash: the social pension is equal to the cost of living. Citizens of retirement age, but who have not earned the required length of service, have the right to receive it during the implementation of the reform. Social protection accepts elderly Ukrainians with a package of documents intended for the Pension Fund.

Women

They go on vacation earlier, but every 6 months this bar rises and will reach 60 years by 2021.

Useful information from BBQcash: for every six months of delayed retirement, the pension of women born before December 31, 1961 increases by 2.5%.

Interesting from BBQcash: deputies of the Servant of the People party presented a bill restoring justice to women for consideration in the Verkhovna Rada. The authors propose to give Ukrainian women the opportunity to retire at the age of 55, but on the condition that they do not have a job. It will be prohibited to work and receive a pension at the same time at this age.

Men

In Ukraine, people retire at 60; for civil servants, the retirement age has been increased to 62.

By 2028, only 55% of men will be able to earn the required insurance length and finish their working career at 60 years old.

Military service and entrepreneurship under the simplified taxation system are still taken into account in the insurance period. If the amount paid per month is less than the minimum contribution, then it is not taken into account or half of it is counted. Studying at a higher educational institution, postgraduate school, doctoral studies is deleted from the accounting period. Therefore, many will be forced to work until they are 63 and 65 years old.

Important information from BBQcash: from January 1, 2021, the amount of the minimum insurance premium is UAH 918.06, which corresponds to 22% of the minimum wage.

At what age do people retire in Ukraine?

The procedure for recognizing the right to a pension is regulated by the law “On Compulsory State Insurance”. It regulates when and with what length of work experience a Ukrainian can count on a pension subsidy.

This year, changes to this law are possible for those who have already become pensioners and are just about to become one. Today there are two conditions for retirement:

• the onset of 60 years;
• availability of insurance experience in the required amount.

If a person wants the Pension Fund to begin paying a pension immediately after reaching the age of 60, he must apply for its registration no later than 90 days from the date of reaching this age.

The impact of new pension reforms on the lives of citizens

In Ukraine, the number of pensioners increases every year and the number of the working population decreases. The demographic situation is getting worse every day. In this regard, the budget deficit is constantly increasing. The state is taking drastic measures, increasing the retirement age. This is sad, but positive changes are not expected in the near future. Many young professionals strive to go to work abroad, since not only wages are higher there, but also the standard of living and social guarantees.

If we talk about the USA and Europe, the retirement age there is also rising, but people can afford to travel, do what they love or start a business. Pensioners are offered various beneficial programs. At the same time, they are actively encouraged for their desire to continue working.

If we talk about Japan, then in this country the level of pension depends on the age of entry into it. And the later you register it, the higher it is. In this way, they help citizens work longer.

In recent years, pensions have practically not increased. According to the new law, it depends on the minimum wage, which in turn depends on inflation. This means that it will be adjusted automatically as these values ​​increase.

Each citizen decides for himself at what age to retire. The law prescribes only minimum requirements. Upon reaching retirement age, a person can apply for accruals at any time.

However, it is worth noting that the money will be calculated from the moment of registration, therefore, in order not to lose funds, it is better not to postpone this matter for a long time. At the same time, the law does not specify any deadlines for registration, which means it can be issued at any time, even after several years.

How did Ukrainians react to the new project?

The reaction to raising the retirement age was negative. On the Internet, people often discuss that all changes do not promise anything good, and they only lose from such innovations. However, it is worth understanding that these are critical measures, since otherwise there will simply not be enough money in the budget and this will lead to a global catastrophe in the country.

The new rules are in line with European countries. However, their use in Ukraine does not entirely correspond to reality, because the amounts of payments and living conditions are very far from the European level. We also have a very low life expectancy, which means many retirees simply don't keep up on Social Security. Therefore, people hope that the authorities will understand that such indicators are simply unrealistic for the country.

Pension reform 2021: latest news, Ukraine

Discussions among elected representatives regarding pension reform in Ukraine from the political force “Servant of the People” have already taken place in 2021. Social experts announced their future intentions. The changes apply not only to people who are already retired, but also to future retirees.

The new government plans to modernize and launch the second stage of pension reform. There will be mandatory funded pensions, which require their constant formation in non-state pension funds. That is, Ukrainians will be required to deduct part of the money from their salaries to the pension fund (hereinafter referred to as the PF) every month.

However, due to the unstable economic situation in Ukraine, the launch of the second stage of a full-fledged pension reform is still in doubt. This idea will probably find its implementation and effectiveness. But only with successful growth rates of the country's economy. With a favorable prognosis, this will most likely happen no earlier than in 3-4 years.

It is still unknown when mandatory funded pensions will be introduced. Undoubtedly, the Ukrainian pension bill needs improvement. The efficiency of the funded pension system is possible only in the case of economic stability. If Ukrainians are protected from inflation, which is too early to talk about, then they can be confident in the future.

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In Europe, for example, there are countries in which pension systems are organized at the highest level. Thus, pensioners in Norway, the Netherlands, Finland and Denmark have the best life. Here, older people and future retirees can be calm about their pension social security.

But our country’s economy still lacks protection of accumulated funds from possible inflation. Our laws are far from perfect. The new pension program may formulate its own requirements. However, it is too early to talk about introducing the second stage of pension reform. After all, Ukrainians also lack transparency.

Pension reform 2019

As a rule, many employees of various organizations work unofficially. Some individual entrepreneurs do not want to pay taxes for employees. As a result, pension insurance suffers. And the shadow economy is still thriving.

From January 1, 2019, the new minimum wage is UAH 4 thousand 173. In this regard, the amount of taxes that employers must pay has also changed. However, in our country, legal schemes easily turn into illegal ones.

Despite the fact that Ukrainian legislation provides for fines for unregistered labor relations, entrepreneurs ignore the laws, evading pension insurance for employees. Many Ukrainians work without maternity leave, graduation leave or sick leave. In some cases, even guaranteed wages.

Then what kind of pension provision can we talk about? What awaits future retirees if today, for many people working in Ukraine, pension periods are blurred? What is meant here is that Ukrainian citizens do not have a clear idea of ​​their retirement future.

Today, not all employers pay insurance premiums. Many Ukrainians cannot afford to make pension contributions due to low wages. So it’s too early to talk about decent pensions.

In addition, the main stumbling block of the current pension system is the ineffective operation of the state pension fund. Back in 2017, with the help of pension reform, politicians tried to balance the work of the state system.

However, both in the past and in the present, old and new parliamentarians have not yet decided whether it is worth creating a body that will deal with pensions. This pension issue has been postponed until 2020.

In what cases can you go for early retirement?

There are preferential categories of citizens who have the opportunity to retire earlier than expected. These include:

• Teachers. According to the government decision, the mandatory length of teaching experience for teachers is 30 years. Then the person can continue working as he wishes. The retirement age is adjusted depending on the employee’s age, as well as the availability of special experience. That is, the issue is resolved individually at the Pension Fund after submitting the required package of documents;
• Miners. This is a difficult profession. To receive a well-deserved rest, it is enough to work for 25 years. After this period, people can apply for early social support. If during the period of working life a person had special achievements or awards, then a pension can begin to be paid after 20 years of work experience;
• Military. As for this category of citizens, today the bar is rising. To retire, you must work for at least 25 years. This applies to employees of the Ministry of Internal Affairs and the Ministry of Emergency Situations;
• Afghans can qualify for vacation after 25 years of service. The age for early retirement must be at least 55 years. When preparing documents, a mandatory requirement is the identification of a combat participant. Otherwise, a person goes on vacation according to general principles.

A separate category of preferential citizens are people with disabilities, dwarfs, war veterans, as well as employees of hazardous industries. Favorable conditions have been established for them. Everyone else goes on vacation according to the standard program.

How to retire under the old law?

In connection with the innovations, Ukrainians are massively trying to apply for a pension as quickly as possible. Some people still have the right to go on vacation earlier, but you shouldn’t delay submitting documents.

The pension is issued through the local office of the Pension Fund. For registration, you must submit the appropriate package of documents. The list of required documents has also changed with the innovations and now includes:

• Passport.
• Certificate of income for the last 5 years.
• Work book.
• Registration or certificate confirming the place of registration.
• Diploma.
• Bank account for payments. A personal account is needed if you plan to receive funds through a bank, otherwise the pension will be calculated according to postal statements in the branch at the place of registration.

Additional documents that may be required to apply for a pension on preferential terms:

• Documents for children, if special benefits are provided for this. Benefits are provided to mothers with many children and mothers raising disabled children.
• Marriage certificate if special conditions apply.
• Certificate of state social insurance.
• Military ID, for men and women military personnel.
• If available, documents confirming special merits.
• Documents confirming disability.
• UBD certificate and certificates from the military registration and enlistment office confirming completion of special military service (if available).
• A certificate confirming participation in the liquidation of the accident at the Chernobyl nuclear power plant.

All necessary documents are submitted to the local pension administration, a written application is drawn up on the spot, after which the documents are subject to mandatory verification. Verification takes from several weeks to a month, but the pension is calculated from the moment of submission.

During the implementation of the reform, the state provides for the payment of social assistance for those who have already reached the working age, but have not managed to accumulate the required amount of work experience. The amount of assistance is fixed at the subsistence level for disabled citizens. To obtain it, you should contact the social protection authorities with a similar package of documents.

Retirement age: questions and answers

• Is it possible to apply for a pension under the old law?

Yes, you can, but to do this you should hurry to submit documents to the pension fund.

• What to do if you lack a little experience, but there is no opportunity to work?

In Ukraine, it is possible to buy experience for up to 5 years.

• What length of service is required to apply for a military pension?

At least 25 years for employees of the Ministry of Internal Affairs, Ministry of Emergency Situations.

• Can pensioners in Ukraine continue working?

Yes they can.