Average pension: what it will be after indexation

07 March 2023, 10:42 | Economy
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Despite the war, Ukrainians continue to receive pensions and other social benefits. So, on March 1, indexation of pension payments took place in Ukraine.

According to Prime Minister of Ukraine Denys Shmyhal, the average pension will reach 5,000 hryvnias.. The exact size of the March indexation is 19.7%, Ukrinform writes..

“Pension increase will take place for 10.5 million pensioners. For the first time, the size of the average pension will cross the mark of five thousand hryvnias, while today it is 4.6 thousand hryvnias,” said Shmyhal.

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According to the Prime Minister, the minimum amount by which payments for pensioners will increase is UAH 100.. He explained that all surcharges by age will be saved, although they are not subject to indexation..

The head of the Cabinet stressed that in 2023 the legislation did not provide for indexation of pension payments.

And the decision to carry it out is an important element of the government's social responsibility..

“Just like last year, when full-scale aggression began, this year we continue this strategy.. Enough money. We approved the budget of the Pension Fund of Ukraine, this year it is self-sufficient and, according to our calculations, there will be enough revenue, including to cover indexation,” he concluded..

Earlier we wrote whether there will be new increases in pension payments in Ukraine in 2023.




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