The Ministry of social policy in 2019 promises to raise pensions by 20%

Минсоцполитики в 2019 году обещает повысить пенсии на 20%

Pensioners promise every year to raise pensions

Increase of pensions will take place annually in automatic mode.

Annual pension modernization will allow to increase their size above inflation. And next year pension in Ukraine will increase by 20%. This was stated by Deputy Minister Mykola Shambir, the press service.

He says he envisages annual increase of pensions in automatic mode and will cover inflation.

“The increase will occur by the same approach, and will be 50% of the growth of the average wage, plus 50% of the increase in inflation. This will increase the size of pensions, fully covering inflation, and even more. According to preliminary estimates, in 2019, this increase will be approximately 20% of the size of pensions,” said Shambir.

The official also told about modernization of pensions for military personnel.

“Since 2008, these pensions did not change, and this is the biggest problem. On today is developed the corresponding bill, which is handled jointly with the Central bodies of Executive power, and in no time it will be submitted to the Verkhovna Rada. The key position of the Ministry of social policy is to increase military pensions from 1 January 2018,” said Shambir.

We will remind, in the autumn of 2017 the Ukrainians to modernize pension.

As reported, on October 3, the Verkhovna Rada passed the pension reform, which envisages the modernization of pensions since October, and raising the minimum insurance period for retirement from 15 to 25 years from 1 January 2018.

Source