In 2025, the pension system in Ukraine will undergo some changes, but not in all aspects. Most social benefits, including pensions, will remain unchanged, as provided for in the state budget. However, there are a few important details you should know.
As stated in the State Budget, the minimum pension, minimum wage, and subsistence minimum will remain at the 2024 level until 2028. Currently, these indicators are as follows:
- Minimum pension: 2361 hryvnia (for people without the required length of service).
- Living wage: 2920 hryvnias.
- Minimum salary: 8,000 hryvnias.
This means that the basic indicators for calculating social benefits will not be revised.
Pension indexation
Despite the fact that the subsistence minimum will not change, pension indexation is planned in March 2025. Lidia Tkachenko, an expert at the Institute of Demography and Social Research, predicts a 10-12% increase in pensions.
For many pensioners, such changes will not be significant. For example, with a pension of 3,000 hryvnias, indexation by 12% will increase payments by only 360 hryvnias.
Insurance experience requirements in 2025
In 2025, the requirements for the minimum insurance period for retirement will increase:
- At age 60, you will need to have at least 32 years of experience.
- At 63 years old – from 22 to 32 years old.
- At age 65 – minimum 22 years of experience.
The longer a person works, the higher their retirement benefits will be. Delaying retirement can be beneficial for those who want to receive a larger amount of cash benefits.
