The Ukrainian pension system is preparing for significant changes. It is planned to introduce a funded level of pension provision from January 1, 2026. The relevant draft law was developed by the Ministry of Social Policy of Ukraine, and is currently being prepared for consideration by the Verkhovna Rada.
According to the project:
– payments will depend on savings in an individual account, not from a “general fund”;
– a personal account will be opened for every working Ukrainian, into which funds will be deposited monthly from the employer and the state. These funds will be invested to protect against inflation and multiply;
– the accumulated money will remain the property of the person and can be inherited. Choice of pension options: lifelong pension – until death, or for a certain period – if the pensioner survives this period, payments will cease;
– the right to inheritance is preserved for 10 years for a lifetime pension and for the entire period for a fixed-term pension;
– access to funds – after 60 years of age and 35 years of experience.
