Ukrainians can raise their pensions themselves: it became known how to do it

2023-05-03 15:00:00

Reading time: 48 seconds

This information was reported by Radiotrek, URA-Inform reports.

In March, pensions were recalculated in Ukraine, as a result of which payments to Ukrainians were increased from 100 to 1,500 hryvnias. However, in addition to this, there is another way that will help increase the amount of pension payments.

Thus, according to Article 29 of the Law of Ukraine “On Compulsory Pension Insurance”, a Ukrainian independently makes a decision to retire later than the threshold age. In this case, the size of the future pension will increase by a certain percentage:

“It turns out that if a pensioner retires 5 years later, then for each month without a pension, payments will increase by 0.5%. If you postpone the pension for a period of five years, then for each month without a pension, the amount will increase by 0.75%.

A Ukrainian who retires five years and seven months later will be able to receive an increase of regarding 50%. At the same time, it should be noted that postponing your retirement, you will have to continue to work.

Recall, earlier it was reported positive news on the hryvnia exchange rate: the people’s deputy revealed what the National Bank managed to achieve.

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The post Ukrainians can raise their own pensions: it became known how to do it appeared first on URA-Inform.

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