January 2022

Pensions will continue to grow in Ukraine in 2022 - Shmyhal
13Jan

Pensions will continue to grow in Ukraine in 2022 – Shmyhal

Pension payments will continue to grow in Ukraine in 2022, Prime Minister Denys Shmyhal has said. He said this at a government meeting on Wednesday, January 12, according to an Ukrinform correspondent. "An increase [in pensions] is expected this year. There are quite a few stages. In particular, the indexation of pensions is planned from March, including for working pensioners, and the program of additional payments will be extended to persons over 70 years of age. Recalculations will be made for...

January 13, 2022
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December 2021

Low Pension Savings in Ukraine: Ahead of Reform?
07Dec

Low Pension Savings in Ukraine: Ahead of Reform?

Ukraine took the penultimate place in the ranking of pension savings among the countries of the world. Despite the work of non-state pension funds in the country, people are reluctant to use their services. There are several quite simple reasons for this. But the low place of Ukraine in the rating can accelerate the introduction of a mandatory funded pension. Poverty and Mistrust According to the Organization for Economic Cooperation and Development (OECD), Ukraine is ranked second to last in terms...

December 7, 2021
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July 2021
08Jul

The slow-burn crisis inside Ukraine’s pension system

Adramatic situation with state pension provision is unfolding in Ukraine. In autumn last year, Ukrainian prime minister Denys Shmyhal stated that if “decisive measures” are not taken, then in 15 years the state will not be able to pay pensions. With the collapse of the Soviet Union, Ukraine inherited a so-called “solidarity pension system”: current pensioners are supposed to receive payments from pension contributions made by the working population. However, today the number of people employed in the Ukrainian economy...

July 8, 2021
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October 2020

05Oct

PM: In 15 years Ukraine will not be able to pay pensions

In 15 years, Ukraine would not be able to pay pensions to citizens, because the state would not have such resources. This was announced by Prime Minister Denys Shmygal during his speech to the students of Lviv Polytechnic University. The head of government noted that the reason for this may be the demographic situation in Ukraine because the number of the working-age population is gradually decreasing. " ... There will be few able-bodied people and many retirees. The ratio will...

October 5, 2020
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April 2020

14Apr

World Bank to allocate 150 mln USD to Ukraine for social protection

The World Bank will provide Ukraine with an additional 150 million U.S. dollars for social protection needs during the COVID-19 epidemic, the press service of the Ukrainian Ministry of Social Policy said on its website Friday. Read also Africa’s demographic transition The statement said 50 million dollars will be used to support vulnerable groups during the outbreak and 100 million dollars are earmarked for improving social protection in general. Read also India: Pension schemes draw more members Ukraine joined the World...

April 14, 2020
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March 2020

03Mar

Ukraine. Pensions will increase by average of $50 by 2023, – Sokolovska

In 2020, pensions will be indexed - people over 80 years old will increase payments by an average of $22 / month. By 2023, the average pension will increase by $50 / month. Minister of Social Policy of Ukraine Yulia Sokolovska on her Facebook page. "There will be an indexation of pensions! And with it, a new pension growth strategy that the government team and the deputy corps developed on behalf of President Vladimir Zelensky! The initiative is to...

March 3, 2020
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September 2019

19Sep

Ukraine has launched a mobile app “Pension Fund”

Thus, Ukrainians have the opportunity of access to the electronic services Fund in a convenient format using smartphones and tablets, reports the Chronicle.info with reference to itc.ua. The project “Pension Fund of Ukraine in the smartphone” designed with the purpose of realization of development of the system of electronic services “E-pension”. In the first phase the application is available for owners of Android smartphones (version 4.4 and above, download from the link), and later will be released version for...

September 19, 2019
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02Sep

Ukraine to help with pension benefits for Israelis with Ukrainian roots

Ukrainian President Volodymyr Zelensky on Sunday said his government will help paying pensions to Israelis born in the Eastern European country. "Ukraine does not refuse pension benefits to Ukrainians who left for permanent residence in Israel and promises to facilitate the preparation of relevant documentation and examination by the Ukrainian parliament," the president's office said in a statement. Read more @ynetnews

September 2, 2019
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August 2019

06Aug

Judges pensions grow almost ten times the social pensions’ growth in Ukraine

Experts from the National Council for Economic Development, as usual, analyzed how average pension has grown for different categories of people. The undisputed growth leader, as before, is the lifelong maintenance of judges. Over the year, pension for this category grew by 78%. The largest category of retired people, namely by age, received an average of 16.7% higher. And, traditionally, the last place belongs to the category of social pensions, where the growth is by 7.9%. The lifelong maintenance...

August 6, 2019
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June 2019

28Jun

Ukraine. Cabinet Decides To Raise Pensions To UAH 2,000 For Women With Seniority Of More Than 30 Years And Men With Seniority Of More Than 35 Years From July

The Cabinet of Ministers adopted the relevant resolution at a meeting on Wednesday, Ukrainian News Agency reports. In particular, the Cabinet of Ministers determined that from July 1, if the monthly amount of pension payments, taking into account the allowances provided by law, cash assistance, indexation and other allowances (except for pensions for special services to Ukraine) for pensioners with sufficient insurance period, does not reach UAH 2,000, so such pensioners will be paid extra to the pension in...

June 28, 2019
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