The Prime Minister of Ukraine, Yuliya Svyrydenko, has announced a 12.1% increase in pensions and insurance payments for millions of citizens, effective March 1. This adjustment is designed to exceed last year’s inflation rate, aiming to support the income levels of individuals amid rising prices.
Svyrydenko stated that the government will continue its practice of indexing pensions awarded between 2021 and 2025, addressing previous inequities for retirees whose payments were not subject to adjustments. The automatic recalculation will encompass nearly all primary pension categories, including old-age pensions, military pensions, disability pensions, survivor benefits, and various special pensions.
The announcement also includes an increase in minimum pension payments for individuals disabled due to war, combat participants, and insurance payments for citizens affected by accidents. As of January 1, the minimum pension in Ukraine stands at 2,595 hryvnias.
The Ukrainian government is set to implement a significant pension increase to help citizens cope with inflation. This move reflects ongoing efforts to ensure equitable support for various groups, including war veterans and individuals with disabilities.