September 2026
14Sep

Ukraine Will Receive $841 Million from the World Bank for Pensions

Ukraine will soon receive $841 million from the World Bank. This money will help offset government expenditures on pension payments. According to him, the funding will be provided as part of the Peace in Ukraine project. The Canadian government will provide guarantees for these funds. “Ukraine will soon receive $841 million in budgetary support from the World Bank, backed by guarantees from the Canadian government,” Koretsky said. The funds received will not be directed directly to individual pension accounts. This...

September 14, 2026
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02Sep

The average pension of women in Ukraine is 2,000 hryvnias lower than that of men

As of January 1, 2026, the average age pension in the solidarity system was about 5.5 thousand UAH for women compared to 7.5 thousand UAH for men. The gap in pension provision is associated with differences in income, interruptions in employment due to childcare or caring for relatives, and employment in lower-paid sectors. One of the directions of pension reform is proposed to be the introduction of a guaranteed minimum level of pension provision. What the minimum pension could become In the...

September 2, 2026
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June 2026
09Jun

Ukraine plans to completely change pension calculation system

Ukraine is preparing a major pension reform that would completely overhaul the pension calculation system. According to Censor.NET, this was announced by MP Olga Vasylevska-Smahliuk while commenting on the government’s reform proposal. Under the proposed changes, pensions would consist of two parts: a basic component and an insurance component. What the government is proposing The basic portion of the pension will be funded by the state. The insurance portion will depend on a person’s length of service and the contributions they have paid. The government is also proposing to introduce...

June 9, 2026
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March 2026
24Mar

Ukraine Discusses Pension Reform, Payment Indexation With IMF Delegation

That is according to the ministry's press service, Ukrinform reports. During the meeting, the parties discussed next steps in social sector reform, including pension reform, pension indexation, and the implementation of basic social assistance. They agreed to intensify cooperation, particularly regarding pension reform and improvements to the social benefits system. "Reforms in the social sector, including pension reform, are often perceived as simply increasing payments. In reality, the focus is on changing the system itself to make it truly sustainable and...

March 24, 2026
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November 2025
18Nov

ILO Advances Its Work on Social Protection in Ukraine, Supporting the Country’s Ongoing Pension Reform

The ILO team engaged in constructive dialogue with Ukrainian partners. A key discussion took place with Denys Ulutin, Minister of Social Policy, Family and Unity, who shared the Government’s approach to building a system that is resilient and forward-looking. The goal of the policies we are working on is a contemporary, sustainable system that supports people and the economy. It is not only about benefits, but also about creating conditions for development. Denys Ulutin, Minister of Social Policy, Family and Unity...

November 18, 2025
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July 2025
15Jul

A revolution in the pension system is being prepared in Ukraine: what is known about it and how much payments will increase

Ukraine is preparing a large-scale pension reform that will allow citizens to significantly increase their future payments. According to the new model, pensions can be doubled or even tripled by combining three levels – solidarity, accumulative and voluntary. This was stated by the Minister of Social Policy, Oksana Zholnovych, in the program “What about the economy?” . It is noted that in some cases the pension will reach 80% of the previous earnings. The draft law on launching the accumulative system is...

July 15, 2025
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January 2025
29Jan

Ukraine tackles world’s fastest aging population with drastic pension overhaul

As Russia’s war takes its toll on Ukraine’s military-capable population, the country faces a ticking demographic time bomb that is forcing the adoption of unpopular decisions. Ukraine’s dwindling adult population can no longer sustain a solidarity pension system, in which each working adult supports one pensioner — a ratio that could be one of the highest in the world. Each adult will now maintain their own pension fund account to supplement the very basic state social assistance. This step, the...

January 29, 2025
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November 2024
27Nov

Pension System in Ukraine: Citizens’ Perspective

Do citizens consider the pension system fair, and what would they like to change? How well do Ukrainians understand the pension calculation formula and the factors that affect the pension sum? How confident are citizens that the pension system will be able to provide them with a decent life in old age? What do people think about the introduction of mandatory funded pensions? We can answer these and other questions with the results of a nationwide survey on social...

November 27, 2024
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June 2022
01Jun

European Union Will Lend Ukraine EUR 9 Billion for pensions, among others

The European Union Summit has decided to provide Ukraine with an urgent loan in the amount of EUR 9 billion to pay off urgent budgetary needs. President of the European Commission Ursula von der Leyen stated this at a press conference on the night of May 31, European Pravda reports. "Ukraine needs urgent financial support. As you know, about EUR 5 billion is required monthly in Ukraine to support basic payments, such as salaries, pensions, etc.," von der Leyen recalled, speaking...

June 1, 2022
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April 2022
19Apr

World Bank cuts 2022 global growth outlook on Russia invasion

The World Bank cut its forecast for global economic expansion this year on Russia's invasion of Ukraine and is planning to mobilize a funding package bigger than the COVID-19 response for nations to deal with various resulting and ongoing crises. The institution lowered its estimate for global growth in 2022 to 3.2% from a January prediction of 4.1%, President David Malpass told reporters on a call on Monday. The decline was spurred by a cut in the outlook for Europe...

April 19, 2022
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