Yulia Svyrydenko: Starting March 1, pensions and insurance payments for millions of Ukrainians shall be indexed by 12.1%

Starting March 1, pensions and insurance payments for millions of Ukrainians shall be indexed by 12.1%. This increase exceeds last year's inflation rate and will help maintain people's income levels amid rising prices. The Government is also continuing the practice of indexing pensions awarded during 2021-2025. This restores fairness for those pensioners whose payments were not previously subject to indexation. This was announced by Prime Minister Yulia Svyrydenko.

According to her, the recalculation is to take place automatically and will cover almost all main types of pensions — old-age, military, disability, due to loss of breadwinner, as well as other special pensions for former local government employees, civil servants and scientists.

The Prime Minister also announced that minimum pension payments for persons with disabilities due to war, combatants, and insurance payments for citizens who have suffered from accidents have been indexed. From 1 April, working pensioners will automatically have their pensions recalculated taking into account their updated length of service and/or earnings.

"All payments are covered by the Pension Fund budget. The state consistently fulfils its social obligations and continues to care for its people, ensuring timely pension increases even in wartime," Yulia Svyrydenko emphasised.