In Ukraine, a significant increase in pensions is planned at the beginning of March 2025. The Ministry of Social Policy reported the expected value of the indexation coefficient. This is stated in the draft budget of the Pension Fund of Ukraine (PFU) for 2025, posted on the website of the Federation of Trade Unions.

According to the draft resolution, pensions are expected to be indexed by approximately 10% this year.. However, the exact size of the increase will be determined in February, since there are no statistical data for January that would affect the calculation of indexation.

" 03. 2025 indexation of pension and social payments using a coefficient of 1.10,” note the authors of the draft document.

The indexation amount is calculated as the sum of half the inflation rate and the wage growth rate. The increase will affect only the “basis of the pension”, without taking into account allowances. However, it will not affect all pensioners - payments will remain unchanged for those who retired in the last few years, since their accruals are considered current. It is assumed that the minimum additional payment after indexation will be 100 hryvnia, and the maximum - 1.5 thousand hryvnia.

The draft budget of the Pension Fund states that 44.7 billion hryvnia are provided for additional payments established by government decrees as part of the indexation of pensions and additional measures to increase the level of social protection of the most vulnerable categories of citizens.. The total volume of budget revenues of the Pension Fund for 2025 is determined in the amount of 904.8 billion hryvnia, including the balance of funds at the beginning of the current year amounting to 910.2 billion hryvnia.

The corresponding calculations were carried out on the basis of reporting data on the number of recipients of payments and the amount of payments, taking into account the cost of living for persons who lost their ability to work in 2.36 thousand. hryvnia, and a minimum salary of 8 thousand. hryvnia.

We took into account information from automated databases for processing pension electronic files, forecast macro indicators of the country’s economic and social development for 2025? 2027, as well as expected ERU receipts in the amount of UAH 589.9 billion for 2025.

“The PFU draft budget for 2025 is balanced in terms of income and expenses for compulsory state pension insurance and pension provision,” notes the explanatory note to the project.

Earlier, the Pension Fund said that pensioners will be able to receive an increased pension from January. However, this does not apply to everyone.

We would like to add that new retirement rules will come into effect in Ukraine.. This will happen from January 1, 2025.