Starting in 2025, it will become more difficult for Ukrainians to retire before the age of 65 due to increased requirements. This information was released by the press service of the Pension Fund of Ukraine.
For example, in 2023, in order to retire at the age of 60, citizens only needed to accumulate 30 years of insurance experience. However, from 2024, this requirement increased to 31 years, and from 2025 it will increase again, to 32 years.
Many Ukrainians already struggle to meet the insurance experience requirements, and the new rules will only make things worse. Many people start working at an early age, and often only manage to accumulate 35-40 years of total experience, which is not enough to receive a full pension.
The importance of formal employment and payment of social contributions for ensuring future pension security is emphasized particularly clearly. If a citizen worked unofficially and no one paid social contributions for him, he will not have insurance experience and, accordingly, will not be entitled to a pension.
If a citizen's insurance period before reaching the age of 65 is less than 15 years, he will not be entitled to a pension. Instead, he will only be entitled to temporary social assistance, the amount of which does not exceed the subsistence minimum. In addition, he will have to confirm his right to receive this payment every six months.
It is also known that pensions will be recalculated from June 1, but not everyone will receive additional payments. Those who met certain conditions in April can count on an additional payment of almost 1,000 hryvnias.
