Ukrainian President Volodymyr Zelensky announced significant social measures on February 27, revealing plans for an annual pension indexation affecting more than ten million citizens. The adjustment, which will take effect in March, is set to increase pensions by over 12%.
During his evening address, Zelensky emphasized the importance of this indexation as a vital achievement amidst the ongoing full-scale war. He noted that the government has consistently provided necessary social payments and that this annual adjustment is a standard practice.
The President expressed gratitude towards Ukrainian entrepreneurs and businesses for their resilience in continuing operations, paying taxes, and creating jobs despite the challenging circumstances. He stated, “At least half of the state and community expenditures are supported by Ukrainians, despite the war, Russian strikes, and all these outages. This is crucial for our internal stability and our collaboration with partners, which has secured unprecedented external funding for Ukraine throughout these years of conflict.”
Recently, Prime Minister Yulia Svyrydenko announced the pension and insurance payment indexation of 12.1% starting March 1. As of January 1, the minimum pension in Ukraine is set at 2,595 hryvnias.
President Zelensky has outlined a plan for a 12% increase in pensions for over ten million Ukrainians, effective March 1. This move underscores the government's commitment to social support during the ongoing conflict, while also acknowledging the resilience of local businesses in sustaining the economy.