In Ukraine, working pensioners will have their pensions calculated in June, although this was previously done in April. At the same time, retirees can receive additional payments for April and May.
Kyiv. Ukraine. Ukraine Gate – May 23, 2021 – Economy
“From April 1, without additional application, the Pension Fund recalculates pensions to those pensioners who on March 1 of the year in which the pension is recalculated, received the right, namely – if a person worked 24 months after the pension or if the insurance period was less, but at least 2 years have passed, “explained the PF representative.
“The pension fund, which processes such documents, will be sure to recalculate pensions, people in June will receive their surcharges for April and May, and you do not need to personally apply to the Pension Fund,” she said.
Pension calculation formula
Pension = average salary * length of service (insurance) * individual earnings ratio.
Work experience is calculated as a percentage (1 year = 1%), according to it all the time that the person has worked since the last recalculation of pension or retirement will be credited.
The earnings ratio will affect the increase in the pension if the salary of a working pensioner has increased after retirement.
If a working retiree now earns less than before retirement, only the additional length of service will be taken into account in the recalculation, and the new, lower salary will not.
Read Also: Which of the Pensioners Will Be Given an Allowance of 500 Hryvnias?
Source: Ukrgate