In Ukraine, from January 1, the conditions for retirement at 60 years old have changed

In Ukraine, from January 1, the conditions for retirement at 60 years old have changed.

According to the law “On Compulsory State Pension Insurance”:

• 60 years – with at least 32 years of insurance experience;

• 63 years old – with at least 22 years of insurance experience;

• 65 years old – with at least 15 years of insurance experience.

According to the terms of the pension reform, the required insurance period for retirement is gradually increasing. Starting from 2028 it will be 35 years.

An old-age pension is assigned upon the application of a person from the day following the day he reaches retirement age, if the application took place no later than three months from the date of such age.

If the register of insured persons contains information about the length of service acquired before 2004 (the employer or the insured person provided a work book and other documents on work experience for digitization), an old-age pension after reaching 60 years of age, if the required insurance experience is available, is assigned automatically (without applying faces), writes RBC-Ukraine.

Under the terms of the pension reform, the insurance period required for retirement is gradually increasing. From 2028 it will be 35 years.

Source: Racurs

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