Increased Pensions in Ukraine

by Evgeny Lazorenko
Wednesday, February 16, 2022
Increased Pensions in Ukraine

The government has approved a resolution on measures to increase the level of social protection of the most vulnerable segments of the population

More than 10 million Ukrainians will receive increased pensions in March, namely. From March 1, 2022, the level of pensions and social protection of the most vulnerable segments of the population: the elderly, people with disabilities, large families.

Pensions will be recalculated using a 14% increase in the average wage, which is considered for calculating the pension. As a result, more than 10 million people will receive increased pensions.

Minimum pension guarantees and social benefits for the most vulnerable are set at a level higher than the subsistence level provided by the state budget for 2022 for people who have lost their ability to work.

The amount of assistance for the third and subsequent child up to the age of 6, who is brought up in a large family, has also increased by 24% or $14.1.

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