To retire at the age of 60 in 2025, you need to have at least 32 years of insurance experience. If you fall short of this requirement, the Pension Fund of Ukraine offers the option to purchase additional years.
This option is available for:
- Ukrainians working abroad who wish to receive their pension in Ukraine;
- Those who lack the necessary experience for a well-deserved retirement;
- Individuals with low official incomes looking to increase their future pension.
The purchase of insurance experience is available to citizens aged 16 and older, regardless of their official employment status. Contributions can be made for one's own benefit or for another person, provided that person is not yet a pensioner.
One month of insurance experience is equivalent to the minimum insurance contribution, which is 22% of the minimum wage. With the current salary level at 8,000 hryvnias, this amounts to 1,760 hryvnias. Therefore, to obtain one year of insurance experience, a payment of 21,120 hryvnias is required.