Pensioners are allowed to buy additional seniority: what is the cost of a month in 2025?

Attention all those interested in pension payments! Ukraine has introduced a new opportunity for citizens to purchase insurance periods through the Pension Fund’s online portal without visiting the institution in person.

Let’s examine how to use this service and who can benefit.

The press service of the Pension Fund of Ukraine provided this information.

Ukraine has already implemented a system of “purchasing” insurance experience through the Pension Fund’s electronic services. This dramatically simplifies the process, eliminating the need to enter into paper contracts and provide personal presence in government agencies. Over the two years of the service’s operation, more than 6,000 contracts have been concluded for a total of over UAH 65 million.

Here are the key points of this opportunity:

Who can use this service?

Both those who are already insured and those who do not have insurance experience can become members of voluntary pension insurance starting from the age of 16. The main condition is that the person’s information must be included in the Register of Insured Persons and that he or she must not receive a pension under the mandatory pension system.

It is also possible to conclude agreements for voluntary payment of contributions for third parties.

What is the process of agreeing?

You must go to the Pension Fund of Ukraine’s electronic services website to agree. The procedure for agreeing is carried out electronically, where you need to sign a standard agreement on voluntary payment of insurance premiums. To do this, you can use a qualified electronic signature, Diia. Signature or the GOV.ID system.

What are the requirements for contributions?

The amount and frequency of payment of contributions are determined independently by each participant, by their financial capabilities and desires, which creates flexibility in the accumulation of insurance experience.

How does it work?

Paid insurance contributions are credited to the Pension Fund of Ukraine during the month in which they are received. This means that the funds become active in the month of their receipt.

What is the cost of the insurance period?

To calculate the value of the insurance period, you should focus on the minimum wage, which in 2025 is UAH 8,000. The minimum insurance premium is 22% of this amount, i.e., UAH 1760 per month. If you lack, for example, one year of work experience, you must pay UAH 21,120.

We remind you that the recently completed April pension recalculation has affected payments, so it will be helpful to learn about the changes.