Tax and accounting insights for Ukraine
25.02.24
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The Government has determined the indicator for recalculating pensions

The Government has provided for an increase from March 1, 2024, by a factor of 1.0796: the indicator of the average wage (income) in Ukraine, from which insurance contributions have been paid, which is taken into account for calculating pensions, for recalculation:

♦ pensions granted in accordance with the Law of Ukraine "On Compulsory State Pension Insurance"

♦ pensions granted in accordance with Articles 13, 21 and 36 of the Law of Ukraine "On Pension Provision for Persons Discharged from Military Service and Certain Other Persons" to military personnel, persons entitled to a pension under the Law "On Compulsory State Pension Insurance" and their family members; pensions for disability resulting from injury or illness caused by the Chernobyl disaster, as provided for in part three of Article 54 of the Law of Ukraine "On the Status and Social Protection of Citizens Affected by the Chernobyl Disaster"

♦ Pensions granted in accordance with the Laws of Ukraine "On Civil Service", "On Service in Local Self-Government Bodies", "On Scientific and Scientific-Technical Activities";

♦ monthly insurance payments to victims of industrial accidents and occupational diseases that caused disability and to persons entitled to insurance payments in the event of the victim's death, as provided for in Article 31 of the Law of Ukraine "On Compulsory State Social Insurance".

The law provides for annual automatic recalculation of pensions for working pensioners, fixed minimum pension payments for persons with war-related disabilities and combatants, etc.

Taras Melnychuk, representative of the Cabinet of Ministers of Ukraine in the Verkhovna Rada

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