Growth of pensions: payments to Ukrainians will be increased in July

19 June 2022, 12:02 | Economy
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In Ukraine, next month - July - pensions will increase, which is associated with an increase in the subsistence minimum in the country. Accordingly, the minimum pension will increase by 93 hryvnia, while the maximum - by 930 hryvnia.

Thus, the minimum pension will increase from 1934 to 2027 hryvnia, and the maximum pension - from 19340 to 20270 hryvnia.. Overtime bonus will increase from UAH 19.34 to UAH 20.27 per year.

In general, pensions in Ukraine cannot be less than one and more than ten living wages. Bonuses for excess service are also tied to this indicator..

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Pension payments will increase twice this year. The next increase is scheduled for October 1st.. An increase should be expected due to the change in the minimum wage from UAH 6,500 to UAH 6,700. The minimum old-age pension will also increase for non-working persons who have reached the age of 65 years and older and have a full insurance period - for men it should be at least 35 years, and for women at least 30 years.

At the same time, pensioners aged 70 to 75 will be paid a monthly supplement of UAH 300 (up to a maximum of UAH 10,340 of the total pension). These people with full insurance experience will receive a pension of at least UAH 3,000.

On December 1, there will also be an increase due to the increase in the subsistence minimum to 2093 hryvnia. The minimum, maximum pension and allowances will also change. For people under the age of 70 and with full work experience, the pension will not be less than 2,500 hryvnias.

Previously, the Pension Fund notified about the increase in pensions.




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