Many Ukrainians, due to pension reforms, find themselves in a situation where they do not have enough insurance experience to retire at 60. But the law allows them to 'buy' the missing years of experience.
To retire at 60 in 2025, one must have at least 32 years of official insurance experience. If the experience is insufficient, a person may retire later or receive social assistance. Buying additional experience may be beneficial in terms of acquiring the right to retire at a convenient time for the individual.
Prepayment. You can sign a contract and gradually make contributions, with the cost of one month of experience amounting to 1760 UAH.
One-time payment for past periods. The amount of the single social contribution (ЕСВ) is multiplied by a coefficient of 2, which increases the cost of a month of experience to 3520 UAH.
If a person lacks 22 months of experience in 2025 to receive a pension, they can buy them for 77440 UAH. Such a purchase will pay off in less than a year, and the person will gain significant financial advantages from retiring on time.
If the projected pension is less than the cost of the 'bought' month.
If many months of experience need to be bought, and the pension is small.
If the pension amount will not change even after buying additional experience.
'A sober, practical perspective considering your personal data is always necessary,' emphasizes the expert. Before making a decision, it is worthwhile to carefully analyze all possible consequences and advantages.
According to the new legislation in Ukraine, people who lack experience for receiving a pension can 'buy' the missing years through special contributions, which may be beneficial for securing a comfortable retirement age.