Continuing to work after retirement age allows you to increase your pension
Ukrainians who decide to continue working after reaching retirement age can significantly increase the size of their future pension. To do this, you need to submit an application to the Pension Fund to receive deferred payments.
This is reported on the “Government Portal”,
If a person works after reaching retirement age, the basic pension increases. In case of a deferment of up to 60 months, the pension will increase by 0.5% for each full month of the acquired insurance period. If the deferment is more than 60 months, the pension increases by 0.75% for each full month of the period.
In particular, with a deferment of:
- 1 year, the pension will increase by 6%;
- for 2 years – by 12%;
- for 6 years – by 54%.
To take advantage of the opportunity to receive an increased pension, you must submit an application to the Pension Fund. Payments upon the pensioner's application are assigned from the first day of the month.
We remind you that in 2025, Ukraine will have two stages of increasing pensions: indexation in March and an increase for some pensioners in the summer. However, these changes are possible only after amendments to the legislation.