Changing the formula for calculating pensions: the government will introduce innovations

Ukraine is actively preparing for a significant reform of the pension system. It is planned to introduce a new formula for calculating minimum pensions starting in 2026, which should make the system more adaptive and fair. This was announced by the Cabinet of Ministers representatives.

The Ministry of Social Policy, together with the Pension Fund, is implementing an updated formula that will take into account not only the subsistence minimum, but also the length of service and indexation according to the inflation rate.

According to forecasts, if the economy remains stable and gross domestic product continues to grow, the minimum pension may exceed 3,000 hryvnias next year.

Among the key innovations are additional payments for vulnerable groups of the population, in particular for pensioners over 70, single people, and people with extensive work experience. These allowances partially compensate for the difference between older people’s actual expenses and basic social standards.

An essential aspect of the reform will be the automated recalculation of pensions, which will avoid delays in accruals and ensure transparency of the procedure.

In addition, it is planned to improve the pensioner’s electronic account. Through this service, you can check pension calculations, view payment history, and submit documents or requests online without visiting the Pension Fund in person.

These changes can significantly improve the living conditions of pensioners in Ukraine and simplify communication with government agencies.