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7.9% instead of the promised 13%: The Cabinet of Ministers approved the indexation of pensions

The Cabinet of Ministers decided to index pensions by 7.9% from March 1, 2024. Prime Minister Denis Shmigal announced this.

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” This is already the third indexation during a full-scale war. Pensions will be increased by almost 8%. The average increase will be UAH 322, and the average pension will increase to UAH 5,717,” he noted.

According to the Prime Minister, indexation will affect more than 10 million Ukrainians – 9.5 million civil pensioners, about 600 thousand pensioners law enforcement agencies, almost 100 thousand “Chernobyl victims.”

In addition, from April 1, there will be an automatic recalculation of pensions for 654 thousand working pensioners, taking into account the updated insurance record.

Earlier, the Ministry of Social Policy stated that that pensions will be indexed by 13% from March 1, 2024, but it was clarified that these are preliminary calculations, the final indexation coefficient will be known closer to the end of February. The same preliminary calculations were mentioned by Prime Minister Denis Shmigal in January of this year.

minfin.com.ua

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