The Ministry of Social Policy has prepared a draft pension reform. It is currently published for discussion on the website of the Pension Fund of Ukraine (PFU). After December 5, it will be reviewed and necessary amendments will be made if needed.
The government predicts that this plan will increase payments for 80% of pensioners in Ukraine and eliminate disparities between the amounts of payments assigned in different years.
In particular, it is proposed to use the amounts of paid insurance contributions for calculating the pension size instead of the information about the salary (income) from which the insurance contribution was paid.
Additionally, there will be no maximum limit applied to the solidarity pension amount. It is also planned to introduce a basic pension to replace the current system of numerous supplements and non-status "top-ups."