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Thursday, March 23, 2023

Indexation of pensions in April: how payments to working pensioners will be transferred

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After the March indexation of pension payments, the next step is to increase the pensions of working pensioners, which is scheduled for April 2023.

According to the publication “On Pension”, payments will be recalculated to working pensioners who, after the appointment (recalculation) of pensions, continued to work and received at least 24 months of insurance experience.

Recalculation is made automatically and on the most favorable terms:

  • or taking into account the length of service after the preliminary appointment (recalculation) of the pension;

  • or taking into account the length of service and wages after the preliminary appointment (recalculation) of the pension.

It is noted that, taking into account the timing of the receipt of data on the insurance period and wages in the register of insured persons, automatic recalculation is usually made in May with the corresponding additional payment from April 1. However, this year the recalculation will be carried out in the manner, on the terms and within the timeframe determined by the Cabinet of Ministers. Perhaps the mechanism may change.

Recall that from July 1 indexation of special pensions received by civil servants, scientists and employees of local governments is expected.

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Author: Irina GAL

Source: Fakty

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