In 2025, the requirements for insurance experience for retirement in Ukraine will change. If a person does not have enough years of work, they will not receive an old-age pension but only state social assistance after reaching the age of 65. This was reported by TCH.
New retirement rules
Starting next year, only those Ukrainians who have accumulated at least 32 years of insurance experience will have the right to retire at 60. Those with between 22 and 31 years will only be able to apply for retirement at 63. If the experience is from 15 to 21 years, the old-age pension will only be possible from the age of 65.
Citizens who do not have at least 15 years of work experience will not receive any pension payments at all. Instead, they will be assigned state social assistance - but only after reaching the age of 65.
How assistance will be calculated
In 2025, the amount of social assistance will be determined by a formula that takes into account two indicators:
- average monthly total income of the family calculated per person for the last six months;
- the minimum subsistence level for persons who have lost their ability to work, which currently amounts to 2361 hryvnias.
At the same time, the amount of social pension cannot exceed 100% of the minimum subsistence level for working persons - that is, 3028 hryvnias in 2025.
The minimum insurance period for retirement has been gradually increasing since 2018. This mechanism was introduced to motivate citizens to work officially and pay contributions to the Pension Fund. As a result, more and more people with little experience find themselves in a situation where instead of a pension, they receive only social assistance, the amount of which is significantly lower.