Domestic legislation motivates Ukrainians to abandon the traditional age of retirement, since taking into account the time of “post-retirement” employment, the amount of payments from the state can increase significantly.
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About the fact that for every 12 months of the type of work described above, the size of the pension benefit increases by 6 percent or approximately 350 hryvnia/month, writes NBN, referring to the official page of the Pension Fund of Ukraine (PFU).
In particular, if an elderly person decides on such a “deferment”, then the benefit will increase:
- if work up to 5 years —on on on 0.5 percent/monthly;
- when working for more than 5 months —on on on 0.75 percent/monthly.
Thus, for every full month of delayed retirement, benefits will rise:
- for 12 months—by 6 percent;
- for 24 months —by 12 percent;
- for 60 months —by 54 percent.
However, you should know that the “deferment” for incomplete months worked is not taken into account.
We previously wrote about how the pensions of Chernobyl victims and liquidators of the Chernobyl disaster were indexed in Ukraine.
