Ukraine now has a solidary pension system, which is based on the principle of redistribution of funds between working citizens and pensioners. ICTV facts found out when men retire in Ukraine and how much insurance experience is needed for this.
Retirement dates for men in 2024
Old age pension in Ukraine — these are regular payments that the state is obliged to pay to citizens who have reached a certain age, provided they have the necessary insurance experience.
Retirement age by age:
Now watching
- 60 years — for men who have at least 31 years of insurance experience.
- 63 years — for men who have from 21 to 31 years of experience.
- 65 years — for men who have worked from 15 to 21 years.
How many years of service do men need to retire after 2024
The above data is relevant for 2024, because starting next year, the length of service required to retire at 60 will increase. The table shows the standards that will be required for retirement in the coming years.
Persons who have not worked enough but have reached the age of 65 can apply for social pension.
Some categories of citizens have the right to early retirement. The size of the old-age pension is determined individually for each pensioner, depending on his insurance record and the salary from which insurance contributions were paid.
What to do if you don’t have enough insurance experience
It can be purchased. Several categories of persons can do this:
- People who work abroad, but want to return to Ukraine and receive a pension here.
- Persons of pre-retirement age who do not have enough insurance experience to receive an old-age pension.
- People who have a low income but want their future pension to be higher.
Procedure for purchasing insurance experience:
- To purchase, you need to conclude an appropriate agreement with the pension fund. To do this, you need to go to the electronic services portal and log into your personal account. To do this, you can use Diya-signature or banking.
- After this you need to press Communication with PFU, as well as < strong> Voluntary participation agreement. In this tab you need to fill in your personal information. That is, this is the surname, first name, patronymic, identification code, data from the passport, date of birth.
- You can pay fees not only for yourself, but also for someone else, for example, for your parents. If you want to purchase additional insurance experience, you need to click I wish to pay contributions for myself.
- After this, you need to consent to the processing of private data, and also sign an agreement using an electronic signature. To do this, press the button Sign and pay.
If a person does not work, but wants to receive a pension, then from April 1, 2024 he needs to contribute 1760 UAH every month. This amount — This is the minimum insurance contribution, which is 22% of the minimum wage. If you are not sure about the availability or amount of experience, then this information can be found at the PFU. To do this, you need to go to PFU electronic account.
