From January 1, Ukraine changed the insurance period for retirement
1 January 15:28
Since the beginning of 2025, Ukraine has changed its retirement requirements. This is stated in Art. 26 of the Law of Ukraine “On Compulsory State Pension Insurance,” according to "Komersant Ukrainian".
The main changes relate to the required insurance period and age-related allowances.
Requirements for insurance period from January 1, 2025
- To retire at the age of 60, you need to have 32 years of service.
- If you have 22-31 years of service, you can retire at the age of 63.
- If you have 15-21 years of service, you can retire at 65.
- With less than 15 years of service, state social assistance is granted instead of a pension.
New age-related pension supplements
- At the age of 70 – UAH 300.
- At the age of 75 – UAH 456.
- At the age of 80 – UAH 570.
An important condition for receiving age-related bonuses is that the amount of the basic pension should not exceed UAH 10,340.35.
As reported by , Ukrainians have already paid ₴44.3 million in voluntary pension insurance contributions.
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Transition to funded pensions
Meanwhile, lawmakers are actively preparing for the introduction of funded pensions in Ukraine, with their launch currently scheduled for January 2026. The relevant draft law on pension reform was published by the Ministry of Social Policy.
The document states that Ukraine will have a three-tier pension system starting in 2026. The first level will consist of solidarity payments. The second level will be funded payments. The third tier will include voluntary non-state pensions. In this way, the relevant ministry wants to make sure that future pensioners receive payments that will be more than half of their salary.
The amount of future payments depends solely on how much a person has saved for their old age. Each working Ukrainian will be given individual pension accounts, which will be replenished monthly by employers and the state.
Unlike contributions to the pay-as-you-go pension fund (which are immediately spent on payments to current pensioners), the funds in the accumulation fund will remain in the person’s ownership. For example, they can be inherited.
Access to the funds will be available only after retirement. The accumulation fund that will manage this money will invest it to protect it from inflation and increase its value.
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