New pensions in 2025: details on when and how the payment increases will occur.

According to the Pension Fund, as of October, there are 10.34 million pensioners receiving pensions in Ukraine.

• 43% receive up to 4,000 UAH (less than 100 dollars) per month, with more than half of them getting up to 3,000 UAH;
• 25% receive a pension between 5,000 and 10,000 UAH per month;
• 12% receive more than 10,000 UAH.

Currently, the average pension in the country is 5,851 UAH (about 140 dollars).

As stated by the Minister of Social Policy, Oksana Zholnovich, during a telethon on October 18, the increase in pensions will primarily affect citizens who have been retired for a long time.

"Everyone will receive an increase. It will depend on the amount of the single social contribution paid and their work experience," Zholnovich noted, adding that larger pensions will not be cut.

It is worth mentioning that the Ministry of Social Policy of Ukraine has long believed that the situation regarding pension amounts can be improved for 80% of current and future retirees, specifically by increasing payments and simplifying calculations.

Although the specifics of potential pension increases will only be known after the New Year, according to the draft state budget for 2025, the minimum pension in Ukraine will remain at the level of 2024 (2,361 UAH), and recalculation will depend on inflation in the country and wage growth from which the single social contribution is paid. Therefore, the March indexation will only affect pension payments without considering additional allowances.

According to the Pension Fund, based on the average salary from which the social contribution is paid, there was a significant increase in the second quarter of 2024. Thus, it is quite possible that pensions in Ukraine will be raised by 10-12%. Last year, this figure was about 6%.

Earlier, the Pension Fund announced that retirees will be able to receive an increased pension starting in January. However, this does not apply to everyone.

Additionally, new retirement rules will come into effect in Ukraine. This will take place starting January 1, 2025.