Ukrainians who have reached retirement age and have a sufficient amount of insurance experience can count on a pension. We tell you how to calculate its size yourself.
Recall that in 2022 new requirements for seniority were introduced. We are talking about those people who plan to retire at 60. Let's try to figure out how to calculate your future pension if you have enough insurance experience.
Retirement Conditions
- If you have reached the age of 60 and want to retire, then your insurance period must be 29 years;
- If at 63 – from 19 to 29 years of service;
- If at the age of 65 – from 15 to 19 years of service.
How to calculate the amount of a pension
< p>We note right away that the size of the pension will depend on:
- salary for the last three years;
- insurance period;
- paid insurance premiums.
The guaranteed payment from the state itself is calculated according to the formula: salary multiplied by the coefficient of insurance experience.
- Salary is the average earnings for the last three years (salary/insurance period for months).
- Experience coefficient.It is calculated as the ratio of the sum of the months of insurance experience, as well as the value of the mark of one year of your insurance experience (as a percentage). Note that the value of estimating one year of insurance experience is 1%.
We calculate the pension on our own:add wages for the last three years and divide the number of calendar days during this time. Thus, you will receive the average daily earnings. And it will need to be multiplied by the number of months worked for the last three years.
Attention! To get your coefficient of insurance experience, you will need to total number of years divided by 100%.Let's give an example of calculating a pension. If your average salary for the last three years was 15,000 hryvnia, and the total insurance period was 29 years, then we will get the following pension:
15,000 x 0.29 (29: 100%) = 4,350 hryvnia per month.
If you had a high salary in the last three years before retirement, then the payment from the state will be higher.
Recall that the Ministry of Social Policy told under what conditions they can suspend the payment of pensions. If there is no movement on cards for six months, then accruals may indeed not be received. This is primarily due to the fact that funds are also paid to those living in the occupied territories.
To restore the flow of funds, you will need to contact the Pension Fund and confirm your identity.
