PFU notes that the pension amount depends not only on the length of service. This value is also affected by the income that a person had, employment and the average salary in Ukraine.
This was reported by “URA-Inform” with reference to the Pension Fund of Ukraine.
Currently, Ukrainians can retire at 60, 63 and 65 years of age. The amount of work experience that must be acquired for this depends on age
To retire in 2025, the minimum length of service is as follows:
For those who want to retire at 60, the minimum length of service is 32 years;
At 63 – 22 years of service;
At 65 – 15 years of service.
It is worth noting that the minimum length of service for 60 and 63 years will increase in the following years.
What are the conditions for retirement with 30 years of service?
A person who has managed to acquire 30 years of work experience can retire at 63 and 65 years of age. To calculate the future pension payment independently, a citizen must use the formula: P = ZP × KSS.
How this formula is deciphered:
ZP – wages – this is not a person's salary, but a special “coefficient” that takes into account how this value relates to the average salary in the country over the past 3 years.
P – pension.
KSS – insurance experience coefficient – a value showing the effect of experience on the pension amount.
KSS is calculated individually. This value is equal to the sum of months of work experience multiplied by the value of the assessment of one year of insurance experience. Then the obtained value should be divided by 12.
At the same time, the KSS cannot be more than:
— 0.75 for most pensioners;
— 0.85 – for pensioners who worked in difficult conditions.
New rules for receiving a pension from January 1 have also become known: the Pension Fund of Ukraine has warned Ukrainians.