Ukraine’s average salary for pension calculation has increased: what it means and for whom
28 October 05:42
The Pension Fund of Ukraine has updated the average salary used to calculate pensions. For September 2025, this figure is UAH 21,190.31, the highest level since the beginning of the year and more than UAH 1,370 more than in August. This was reported by "Komersant Ukrainian" with reference to the press service of the Pension Fund of Ukraine.
“On October 27, 2025, the indicator of the average salary (income) in Ukraine, from which insurance premiums were paid and which, in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”, is taken into account for calculating pensions, was approved for September 2025. It amounts to UAH 21,190.31,” the Pension Fund said.
This increase directly affects the amount of pensions for those who retire in 2025.
What is the “average salary indicator for calculating pensions”?
This is not the actual average salary in Ukraine, but the basis for PFU calculations, which takes into account the salaries from which insurance premiums are paid. It is this indicator that determines the size of the pension of new pensioners.
The higher it is, the higher the pension can be.
This indicator is updated monthly by the Pension Fund and is part of the basic formula for calculating pensions.
How the indicator has changed since the beginning of the year
| Month of 2025 | Average salary for pension calculation |
|---|---|
| January | 18,660 UAH |
| February | 18 589 UAH |
| March | 19 430 UAH |
| April | 19 856 UAH |
| May | 20 355 UAH |
| June | 22 336 UAH |
| July | 20 455 UAH |
| August | 19 813 UAH |
| September | 21,190 UAH (the highest figure) |
As you can see, the figure fluctuates every month. This can both increase and decrease the amount of the future pension depending on the month in which a person applies for a pension.
Who will benefit from the increase
Those who retire in October-November 2025.
Their payments will be calculated based on the highest salary for the year, which will allow them to receive a larger amount.
Those who retired earlier will not receive a recalculation because of this. Other indexation mechanisms are in place for them.
What it means for the economy
- The growth of the index indicates an increase in official wages and an increase in budget revenues.
- At the same time, this increases the burden on the Pension Fund, which must provide payments to new pensioners.
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