According to changes in legislation, individuals with 30 years of insurance experience will not have the possibility to retire at the age of 60, as is currently possible. Currently, pensioners can receive a pension with such experience only at the age of 63.
The retirement pension is determined by the formula: P = W × K, where:
W - salary from which contributions were paid;
K - coefficient of insurance experience.
With 30 years of experience, the coefficient is 0.3.
Examples of Calculations
If the salary was equal to the minimum (8,000 UAH): P = 8,000 × 0.3 = 2,400 UAH.
If the salary was 15,000 UAH: P = 15,000 × 0.3 = 4,500 UAH.
With an average salary in the country (22,340 UAH): P = 22,340 × 0.3 ≈ 6,700 UAH.
If the salary was 30,000 UAH: P = 30,000 × 0.3 = 9,000 UAH.
To receive a pension of 15,000 UAH, the salary must be approximately 50,000 UAH.
Guaranteed Minimum Payments
The state has established minimum amounts for certain categories of pensioners:
3,758 UAH - for non-working individuals over 65 with full service or over 80 years of age.
3,613 UAH - for individuals aged 70 to 80 years with full service.
3,038 UAH - for other non-working pensioners.
Pension expert Serhiy Korobkin explains: 'In some cases after 65 years, the pension amount can significantly increase. For women with 30 years of service and men with 35 years, the payment cannot be less than 3,758 UAH.'
We also remind you about payments before Independence Day: who among Ukrainians will receive assistance.
The announcement that Ukrainians with 30 years of service will not be able to receive a pension at 60 years from 2025 is important news, as it directly relates to the financial security of the population in old age. Changes in legislation regarding the calculation of pension payments leave many Ukrainians in an uncertain state regarding their future income after retirement. This information may be useful for those planning to retire in the coming years, as well as for all citizens monitoring pension reform in Ukraine.