• 12/03/2025 07:01

The Pension Fund of Ukraine has revealed the financial advantages of delayed retirement

ByJohn Newman

Sep 20, 2024

In 2024, retire at 60 (with at least 31 years of insurance experience), at 63 (with 21 years of experience) and at 65 (with 15 years of experience).

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The Pension Fund of Ukraine has revealed the financial benefits of delayed retirement

Photo – suspilne.media

How NBN reports with reference to the Facebook profile of the State Pension Fund of Donetsk Region that it is more beneficial for elderly citizens to postpone “retirement”, which allows them to increase the amount of their age-related disability benefits.

In particular, with a delayed retirement, the amount of the pension benefit is increased in the following order:

  • by 0.5 percent — from each full month of insurance experience, starting from the same period of time following the date of reaching retirement age, if they refuse to “retire” up to 5 years;
  • by 0.75 percent — from each full month of insurance experience, starting from the same time period following the date of reaching retirement age, in case of refusal to “retire” from 5 years.

It should be remembered that only full months of work/insurance experience are taken into account.

To confirm the above, you should submit a proper application to the Pension Fund of Ukraine before reaching the age of retirement.

Earlier we wrote about the fact that The Pension Fund of Ukraine explained how to submit an online application for a personal appointment at a service center.

nbnews.com.ua

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