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Experience for retirement: how much does it cost to buy an extra year and month

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Ukrainians can purchase additional work experience to increase their future pension.

This was reported by URA-Inform with reference to Radiotrek.

In particular, this service is available to citizens over 16 years of age, including those working abroad , but planning to receive a pension in Ukraine, persons of pre-retirement age who lack work experience, as well as those with a low income who want to receive large pension payments.

The Pension Fund of Ukraine reported that an unemployed person will need to count a full month missing insurance period, it is necessary to pay a minimum insurance premium, which is calculated as 22% of the minimum wage.

It is noted that from April 1, 2024, this premium is 1,760 hryvnia. That is, an annual period of service will cost 21,480 hryvnia . However, a pensioner has the opportunity to independently determine the frequency and amount of contributions depending on his financial capabilities.

The Pension Fund of Ukraine emphasized that the funds are counted for the month when they are received into the account of the Pension Fund of Ukraine.

It will also be useful to learn how to choose the best 5 years for calculating your pension: what to pay attention to.

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