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Groisman: Already recalculation, people in October, will receive increased pensions

Groysman: We have created a system of constant increase of pensions

Photo: infomist.ck.ua

Increased pensions to most Ukrainian retirees will receive in October. This was stated by Prime Minister of Ukraine Volodymyr Groysman in an interview to the channel “112 Ukraine” during his visit to Cherkasy region.

“People are already in the recalculation of pensions, people in October, as I promised, will receive the increased pensions. Samoe importantly, we have created a system of constant increase of pensions, and not as it used to do policy: if there are elections, they give 100 UAH. It will never happen… Tonight the calculations are already, people are starting to receive pensions. Those who received earlier, will receive additional funds this month”, – said the Prime Minister.

October 3, the Verkhovna Rada approved in the second reading and the whole government bill No. 6614 “On amendments to some legislative acts of Ukraine concerning increase of pensions.” The Parliament also voted for the law №6617 on amendments to the Budget code of Ukraine in connection with pensions. On 8 October, the document was signed by the President of Ukraine Petro Poroshenko.

On 10 October the law “On amendments to some legislative acts of Ukraine on increasing pensions” was published in the parliamentary newspaper “Voice of Ukraine”, and on 11 October pension reform entered into force.

According to the document required for retirement, the minimum contribution period will increase annually by 12 months up to size 35 years in 2028.

1 October pensions recalculated using a single measure of average wage in 2017 for the calculation of pensions is 3764,4 UAH, and increased the cost of one year of pensionable service, reduced from 1.35% to 1%.

Read more on pension reform, see the article “GORDON”.

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