Ukrainians can retire upon completion of the required insurance period, and to calculate their pension, they have the opportunity to independently choose the most favorable years for calculating wages.
This was reported by URA-Inform with reference to Radiotrek.
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How to choose years for calculating pension:
The pension is calculated based on earnings for the entire insurance period, starting from July 1, 2000. However, future retirees can add 5 years to the calculation before this date at their discretion. These years can be selected from any period up to June 30, 2000.
“The law establishes that the calculation of pensions is based on wages according to the personalized accounting system for the period from July 1, 2000. That is, you take any five-year period you want before 2000, after 2000 all personalization is taken into account, and you do not choose the years for calculating the pension yourself. Then there is optimization and the optimal months are calculated,” the Pension Fund said.
It is recommended to choose those years when the salary was the highest. This will increase the size of the future pension, which is especially important for those who had high incomes in certain periods before 2000.
“Before 2000, when choosing 5 years, it is better to choose those months when it was more profitable, that is, when there was a decent salary. For their part, when calculating the pension size, specialists will calculate in which year there were large coefficients, and the amount of monthly payments will be determined,” the Pension Fund added.
For this reason, a person should choose the years that he considers the most profitable, in particular, for the last 5, 10, 15 years before 2000.
Recall that it was previously reported that the pension can be increased: how to do it.
