In 2024, the length of the insurance period required for retirement by age will increase. This is reported by the Pension Fund of Ukraine, UNN reports.
Details
Starting January 1, 2024, in order to retire at the age of 60, citizens must have at least 31 years of insurance experience.
SEE ALSO: The government has extended monthly supplements to old-age pensions
Instead, people who do not have sufficient insurance record after reaching 60 years of age will be eligible for a pension at 63 years of age if they have at least 21 years of insurance record. If they have 15 to 20 years of insurance coverage, pension payments will be granted at the age of 65.
Appendix
The length of the insurance period that gives the right to retire at age 60 will increase every year. This process will continue until 2028.
Thus, in order to retire at 60 in 2028, you will need to have at least 35 years of service
To recap,
The Verkhovna Rada is proposed to amend the current legislation on pensions of the Ukrainian military, in particular, on the calculation of service during hostilities, according to the draft law No. 10313.
SEE ALSO: Ukrainians abroad will be able to receive pensions by postal transfer