Ukrainians Abroad Can Build Pension Records by Paying a Minimum Contribution of 1,902.34 UAH

How Ukrainians Living Abroad Can Accumulate Pension Contributions

According to ХВИЛЯ: Ukrainians residing outside the country have the opportunity to accumulate pension insurance periods by making payments to the Ukrainian Pension Fund. This requires signing an electronic agreement with the Pension Fund. The minimum monthly contribution to count as a full month of pension insurance is 1,902.34 UAH, which equals 22% of the current minimum wage of 8,647 UAH. This amount is roughly equivalent to 37 euros. Contributions can be made on behalf of oneself or other eligible individuals.

Eligibility and Participation in Voluntary Pension Insurance

To join the voluntary pension insurance system, certain criteria must be met. The individual must be registered in the insured persons' database and must not yet be a pensioner. Payments can be made for oneself or for others-for example, children can pay for their parents, and spouses can pay for each other.

Payments can be conveniently made from abroad using any bank card via the 'Portmone' platform. Participation in this pension insurance is voluntary and does not depend on employment status or location of work. The Ukrainian Pension Fund shared this information on their official Facebook page.

• Sign an electronic agreement with the Pension Fund
• Make the minimum insurance contribution

This program is especially significant for Ukrainians working or living overseas, as it allows them to secure future pension benefits. By streamlining the process with electronic contracts and online payment options, the initiative highlights the growing role of digital solutions in social security systems.

For those interested in understanding the broader context of voluntary pension contributions, it's essential to explore how registered individuals in Ukraine can also make these payments online. This process simplifies participation and ensures that residents, regardless of their location, can contribute to their future pensions. To learn more about the online payment options and eligibility requirements, check out this article on making voluntary contributions to the Pension Fund.