Minimum pension in Ukraine to be increased to almost $ 99,- PM

Source : 112 Ukraine

The increase will occur due to the increase in the minimum wage
15:39, 6 October 2021


The Prime Minister of Ukraine Denys Shmyhal has stated that the minimum pension in Ukraine will increase to UAH 2,600 ($98,81). The prime minister announced this at a government meeting.

According to him, the government has increased the revenues and expenditures of the Pension Fund of Ukraine by more than  UAH 18 billion ($680 million), which will allow the planned increase in pensions from December 1. The increase will be due to the increase in the minimum wage to UAH 6,500 ($247).

Related: Germany to issue pensions to Jews who survived Holocaust

"This is only part of the measures to implement a comprehensive plan to raise social standards for Ukrainians. The increase in pensions, salaries and social benefits is and will be on a regular basis. This is the duty of the state and the Ukrainian government," Shmyhal said.

As we reported earlier, the Cabinet of Ministers of Ukraine passed a resolution on material support for persons who served in military and some other persons. For these purposes, 194 million dollars of the state budget were allocated in July-December 2021. 

According to the document, from July 1, 2021, a monthly surcharge of 73 dollars is provided for former servicemen, senior officers and junior enlisted of the law enforcement agencies, police officers and other persons.

For these categories, the minimum pension payment will be 141 dollars, and for combatants - will increase to 143 dollars.

According to the Pension Fund, the implementation of this project in July-December 2021 will require additional expenditures from the state budget in the amount of 194 million dollars.

Related: Security Service stops large-scale embezzlement of budget funds intended for pension payments in Kharkiv region

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