Business news from Ukraine

Business news from Ukraine

Starting in new year, minimum old-age pension in Ukraine is 2,595 hryvnia ($62)

2 January , 2026  

Starting January 1, 2026, to retire at age 60, both men and women must have 33 years of service, and the minimum old-age pension has increased by 234 hryvnia.

According to the law “On Compulsory State Pension Insurance,” the minimum old-age pension for men with 35 years of insurance experience and women with 30 years of insurance experience is set at the subsistence minimum for persons who have lost their ability to work.

The law “On the State Budget for 2026” stipulates that on January 1, the subsistence minimum for persons who have lost their ability to work is UAH 2,595, accordingly, the minimum old-age pension has increased from UAH 2,361 to UAH 2,595.

According to the Pension Fund of Ukraine (PFU), from January 1, 2026, both men and women will need to have 33 years of service to retire at 60; citizens will be entitled to retire at 63 if they have at least 23 years of service; at 65 – 15 years of service.

If a person has less than 15 years of service, at the age of 65, they will be entitled to receive state social assistance instead of pension payments.