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Pension Fund announces average pension in Ukraine

Source : 112 Ukraine

In the year of double elections, the pension increased by 16,5% with the inflation rate at 4,1%
18:26, 20 January 2020

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Pension Fund of Ukraine has published data on the number of retirees and average pensions as of January 1, 2020. It was reported by RBC-Ukraine with reference to the Pension Fund’s publication on Facebook.

According to the Pension Fund, as of January 1, there were 11,3 million pensioners in Ukraine, and the average pension was 127 dollars.

Thus, in 2019, the average pension increased by 18 dollars or 16.5%.

Related: How fast is Ukraine's pensions growth?

As we reported earlier, money transfers to Ukraine from labor migrants, record harvests, as well as increased demand for national bonds could be the main reasons for strengthening of the hryvnia. Representative of the International Monetary Fund (IMF) in Ukraine Gosta Ljungman talked about it in an interview with the Espresso TV Channel.

"It is difficult to determine the main factor that led to this. Yes, there is a continuation of a rather significant inflow of funds from Ukrainians who are in search of money abroad. The prices for traditional Ukrainian export goods are high while the prices of Ukrainian imports - for the same gas - have decreased,” Ljungman stated.

Related: Doomed for 20 years: When would Ukrainians receive decent pension?

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