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What will happen to pensions in 2023 and should we expect an increase

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During the war, the Ukrainian authorities actually froze the amount of social spending, despite inflation, which in two years will reduce the real amount of payments by more than half. An exception in 2023 will be pensions, which will be indexed.

RBC-Ukraine writes about this with reference to budget indicators and government decisions.

The minimum pension in 2023 will not increase. It will amount to 2093 hryvnia. Thus, there will be no recalculation of additional payments for overtime work (for non-working pensioners), allowances and increases, minimum pension payments, maximum pensions that depend on the subsistence level.

In peacetime, the minimum pension in Ukraine grew by the predicted level of inflation or more.

The minimum wage in 2023 will remain at the level of UAH 6,700. The increase in the minimum wage is the basis for the recalculation of the minimum amount of pensions by age for non-working citizens who have reached the age of 65 and older and have an insurance record.

The government decided to carry out the planned indexation of pensions in 2023, as provided for by law. It will take place on March 1st. About 40 billion hryvnias have been allocated for these purposes.

Earlier we wrote what is expected in Ukraine with salaries in 2023.

Author: Irina ALEKSEEVA

Source: Fakty

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