Disability or Age Pension: How to Get a Higher Payment
Disability or Age Pension: How to Get a Higher Payment
According to ХВИЛЯ: Persons with disabilities have the opportunity to switch from a disability pension to an age pension, which allows increasing monthly payments. To do this, it is necessary to submit an application to the Pension Fund. This option is provided for in paragraph 3 of Article 45 of Law No. 1058. When changing the type of pension provision, it is possible to increase payments by approximately 1000 hryvnias per month or more.
Conditions for Switching to Age Pension
The right to switch is available for persons with disabilities of all groups, but it is important that they have been officially employed for at least two years. This is a condition for receiving a higher pension payment. Currently, the minimum pension for unemployed citizens is 3038 hryvnias, while the minimum pension after reaching the age of 65 is 3758 hryvnias.
It is also necessary to take into account that the maximum pension payment cannot exceed 23610 hryvnias in 2025. Thus, switching to an age pension can become a profitable solution for many persons with disabilities who wish to improve their financial situation.
The mentioned innovation can significantly affect the financial situation of persons with disabilities, especially for those who have the ability to work. Switching to an age pension can be an important step that allows not only to receive a higher monthly payment but also to improve the quality of life.
It is important for individuals planning to take advantage of this opportunity to carefully study the conditions and requirements to ensure the best results in pension provision.
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