How to increase the pension of Ukrainians over 60 – the Cabinet of Ministers' answer

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< b>The government talked about an effective method of increasing the pension of Ukrainians over 60 years old. This will be possible if you know some nuances of pension legislation.

How to significantly increase the size of the pension

As the government notes, referring to information from the Pension Fund of Ukraine (PFU), the final the size of the pension payment is guaranteed to be larger if the citizen decides to take a well-deserved rest after the age of 60.

Citizens who acquired the right to an old-age insurance pension, but after reaching retirement age expressed a desire to continue their work, will receive a higher pension later.

The law on pension insurance contains regulations that encourage citizens to retire later. It is about the appointment of a “deferred” pension. Those who acquired the right to an insurance pension by age, but after reaching the retirement age expressed a desire to work and receive a pension later, the basic amount of the pension increases, experts said.

Yes, the pension will increase as follows:

• in case of postponing retirement for up to 60 months – by 0.5% for each full month of service following the month of reaching retirement age;
• in case of postponing retirement for more than 60 months — by 0.75% for each full month of service, starting from the month following the month of reaching retirement age.< /li>

Important! An increase in the amount of the pension for an incomplete month of insurance experience is not carried out, the Cabinet of Ministers emphasized.