Pensions will be indexed by 12.1% in Ukraine from March 1, 2026. The increase will apply to all pensioners who receive payments through the Pension Fund of Ukraine.
The government reported this.
According to the Minister of Social Policy, the indexation exceeds the inflation rate of last year by 4%. Thus, the increase should partially compensate for the increase in prices and support the purchasing power of the elderly.
The Ministry emphasizes that the indexation will cover all recipients of pensions from the Pension Fund. This includes more than 10 million Ukrainians.
For the first time in many years, the Pension Fund is starting the year with an approved budget. In 2026, it will amount to over 1.2 trillion hryvnias and is balanced and deficit-free. The government emphasizes that this ensures predictability and stability of payments.
The average pension in 2026 is approximately 6,500 hryvnias. At the same time, a significant part of pensioners receive less. According to official data, more than 4.3 million people have an old-age pension of less than 6,000 hryvnias.
The ministry recognizes that the current level of payments does not provide a decent standard of living, so indexation is considered part of broader systemic changes.
The agency has now completed the development of a new model of the pension system and is preparing a draft law that should ensure long-term stability and fairness of accruals. The reform is expected to modernize the approach to pension formation and make the system more resilient in the face of demographic challenges.
Thus, indexation from March 1 will be the first stage in a package of changes aimed at increasing social protection for citizens of retirement age.
