Business news from Ukraine

A quarter of pensioners receive a pension of $66

There are 10.34 million pensioners in Ukraine as of October 1, 2024, according to the Pension Fund of Ukraine (PFU). 25% of Ukrainian pensioners receive about UAH 2,760 ($66 at the time of writing). Pensioners from Kyiv have the highest payments, while those in the western regions have the lowest.

10.34 million pensioners receive payments from the state. Currently, almost every fourth pensioner continues to work – 2.8 million Ukrainians. The average payment for working pensioners is about UAH 6,257. For comparison, the average pension in the country is UAH 5,851 or $141.

43% of pensioners in Ukraine receive payments of less than $100. More than half of them receive only $66 or 2,760 UAH per month.

25.6% or 2.64 million pensioners receive between 5,000 and 10,000 UAH. The average pension in this group is 6,860 UAH or $165.

18.6% or 1.92 million pensioners receive between 4,000 and 5,000 UAH. The average pension in this group is UAH 4,414 or $100.

Only 12.7% or 1.31 million Ukrainians have pensions of more than UAH 10,000. On average, pensioners in this group receive 15,354 UAH or $370.

The highest pensions are in Kyiv – UAH 7,971. This is 36% higher than the national average. Rivne (UAH 7276) and Donetsk (UAH 7158) regions are also among the leaders.

At the same time, Ternopil (UAH 4460), Chernivtsi (UAH 4664), and Zakarpattia (UAH 4697) regions have the lowest payments.

80% of Ukrainians receive their pensions in banks. Privatbank (57.8%) and Oschadbank (31.8%) account for the largest share of these payments.

https://opendatabot.ua/analytics/pensions-2024-10