In 2025, the pension system in Ukraine will undergo certain 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 to be aware of.
As stated in the State Budget, the minimum pension, minimum salary and living wage will remain at the level of 2024 until 2028. Currently, these indicators are as follows:
- Minimum pension: 2,361 hryvnias (for people without the necessary experience).
- Living wage: 2,920 hryvnias.
- Minimum salary: 8,000 hryvnias.
This means that the basic indicators for calculating social benefits will not be revised.
Indexation of pensions
Despite the fact that the size of the subsistence minimum will not change, indexation of pensions 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.
Requirements for insurance experience in 2025
In 2025, the requirements for the minimum insurance period for retirement will increase:
- At the age of 60, you will need to have at least 32 years of experience.
- At 63 years old - from 22 to 32 years old.
- At 65 years old - at least 22 years of experience.
The longer a person works, the higher their pension benefits will be. Delaying retirement can be beneficial for those who want a larger cash benefit.
