From March 1, pensions in Ukraine will be indexed by 12%. The recalculation will be carried out automatically, so no applications need to be submitted, according to Denis Ulyutin, Minister of Social Policy, Family, and Unity of Ukraine
“The indexation will affect all pensioners, except those whose pensions are scheduled to be paid in 2025 and early 2026. The recalculation will be done automatically. No applications need to be submitted. Funds for the indexation have been allocated,” the minister’s press service quoted him as saying on Saturday.
As noted in a statement received by Interfax-Ukraine, all recalculations will be carried out in a timely manner and in full. The state will ensure that the indexation is carried out even under martial law. The financial resources for this have been allocated. In addition to indexation, work is continuing on comprehensive pension reform.
“We are currently finalizing the final calculations. It is important for us that the new pension system is financially sustainable for decades to come,” Ulyutin said.
According to him, a comprehensive bill is being prepared that will cover the solidarity system, professional pensions, and the voluntary accumulative part. The ministry plans to complete the preparation of the bill, hold public discussions, and submit the document to the Verkhovna Rada this year.