New retirement rules effective January 1, 2025, will require people to work longer before they can retire.
Citizens who do not have sufficient insurance experience by the age of 60 to qualify for retirement will be required to work for an additional three to five years. Furthermore, if a person turns 65 without the minimum required experience, the government will provide social assistance instead of a pension. Details about the changes expected for Ukrainians of retirement age starting January 1, 2025, were explained on the Pension Fund (PFU) portal.
The Pension Fund reminded that in Ukraine, according to the law "On Mandatory State Pension Insurance," the retirement age will increase in 2025. These legal provisions apply to both men and women who reach the age of 60 and will begin to assess whether they have enough experience. The portal highlighted the provisions of Article 26 regarding the conditions for pension eligibility by age.
Pension in Ukraine 2025 — details
Conditions for retirement by age in 2025:
- At age 60, to qualify for pension payments, one must have at least 32 years of insurance experience (meaning 32 years or more of contributions from salary to mandatory state pension insurance). If the required experience is lacking, retirement will be postponed;
- At age 63, one must have between 22 to 31 years of experience to qualify for retirement;
- At age 65, the requirement is between 15 to 31 years of experience;
- If one is 65 years old but has less than 15 years of experience, they will not receive a pension, but will be eligible for social assistance from the government (in 2025 — 2,361 UAH, the minimum living wage for non-working individuals).
The PFU also clarified that the duration of the required insurance experience will continue to increase until 2028, adding one year annually. Thus, if a person turns 60 in 2028, they will need to have 35 years of experience to retire. Additionally, if a citizen has 40 years of experience, they will be eligible to retire at any age.
We remind you that on November 29, the PFU portal discussed the formula that allows every Ukrainian to calculate their own pension.