Ukraine will change the rules for retirement. Starting from 2027, a person will need to have a longer pensionable service record to receive a pension at the age of 60. This means that some Ukrainians will have to work longer.
New requirements for length of service
Starting in 2027, the minimum insurance period for retirement at the age of 60 will increase from 33 to 34 years. This is part of a phased reform that provides for annual increases in the requirements.
As a result, the number of Ukrainians who will be able to retire on time will gradually decrease.
Who will have to work longer
Those who do not have sufficient work experience will not be able to receive a pension at the age of 60. In this case:
- retirement is possible at the age of 63 or 65
- or after accumulating the required length of service
This means that the real retirement age for many Ukrainians will actually increase.
How to check your seniority
Every Ukrainian can check their insurance record online via Pension Fund of Ukraine portal.
To do this, you need to log in to your personal account, which is available to both working people and pensioners. The system displays information from at least 2004.
Why the rules are being changed
Increased requirements for seniority is part of the pension reform. It is related to the demographic situation and the burden on the pension system.
The government is gradually increasing requirements to reduce the Pension Fund's deficit.
Conclusion.
The new rules mean that Ukrainians will have to keep a closer eye on their length of service. Without the required number of years of work, it will be more difficult to retire at 60.
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