January 31, 2025
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Cumulative pensions will not increase taxes – Ministry of Social Policy

Cumulative pensions will not increase taxes – the Ministry of Social Policy of the Ministry of Social Policy has developed a comprehensive reform of pension provision with the cumulative system. Reform will not increase taxes, but will increase pensions by 15-20%.”, – Write On: Unn.ua

In Ukraine, cumulative pensions will be introduced without raising taxes, but will provide for voluntary additional contributions. The press service of the Ministry of Social Policy of Ukraine on Facebook informed about the new comprehensive pension reform of pension support, reports UNN.

Details

It is noted that the Ministry of Social Policy has developed a comprehensive reform of pension provision, and the relevant draft laws have already been submitted to the authorities and other stakeholders to familiarize and provide proposals.

The purpose of the reform is to create a fair and transparent pension system so that every Ukrainian and every Ukrainian can receive a decent pension

The department assured that the introduction of a cumulative system, which is part of the reform, will allow employees to further increase their future pension during work experience.

Important: This will not increase the load on taxpayers. After all, the contributions of the employer and the citizen will not increase, and will be separated from the current ESA and PITO

“At his own request, the employee will be able to pay an additional voluntary contribution,” the Ministry of Social Policy said.

According to the press service, it is expected that the introduction of a cumulative system will increase the pension by another 15-20% compared to the average wage of a person during life, in addition to the solidarity part of the pension.

Recall

The Ministry of Social Policy plans to launch a cumulative pension system since 2026. The legislative framework and IT system for the State Cumulative Fund are currently being developed.

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