Pension calculation will change in Ukraine: Pension Fund approved the average salary indicator
20 February 11:01
The Pension Fund of Ukraine (PFU) has announced the approval of the average salary for 2024, which will be taken into account when calculating pensions for citizens. This was reported by
According to official information, the average salary in 2024, from which insurance premiums were paid and which will be used to calculate pensions, is UAH 17,486.60.
The following figures were approved in the fourth quarter of 2024:
- October – UAH 18,704.98
- November – UAH 18,823.31
- December – UAH 21,698.99
It is important to note that the average salary for the period from 2022 to 2024, which will be used to calculate pensions to be granted in 2025, is UAH 15,057.09.
These changes are part of the regular process of adjusting the indicators for pension accruals and will contribute to a more accurate determination of the amount of payments for pensioners.
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What pensions do current pensioners receive?
As of the beginning of 2025, the number of pensioners amounted to 10.34 million people. This was reminded by MP Nina Yuzhanina and cited the following data:
“The average pension amount for the last quarter remained almost unchanged and amounted to UAH 5,789.05, while pensions
– more than UAH 10,000 were received by 1.26 million pensioners (average pension is UAH 15.4 thousand)
– from UAH 5,001 to UAH 10,000 – 2.63 million pensioners (average pension 6.9 thousand UAH);
– from UAH 4,001 to UAH 5,000 – 1.94 million pensioners (average pension is UAH 4.4 thousand);
– from UAH 3,001 to UAH 4,000 – 1.82 million pensioners (average pension is UAH 3.5 thousand);
– up to UAH 3,000 – 2.68 million pensioners (average pension is UAH 2.8 thousand).
About 344,000 people receive pensions that do not exceed the subsistence level, and almost 50,000 pensioners receive pensions of less than UAH 1,500.
Pensions over UAH 10 thousand (12% of pensioners) account for 33% of all pension funds.”
What about “special pensions”?
At the beginning of the year, the Cabinet of Ministers introduced restrictions on “special pensions” that exceed UAH 23,610. We are talking about pensions of certain categories of pensioners: civil servants, prosecutors, MPs, diplomats, scientists, etc.
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