From March 1, 2026, pensions in Ukraine will be indexed by 12.1%. This was reported by the Minister of Social Policy, Family, and National Unity of Ukraine, Denys Ulyutin, during the Hour of Questions to the Government in the Verkhovna Rada of Ukraine.
The Minister noted that the increase in pensions will affect all retirees receiving payments through the Pension Fund of Ukraine. "In carrying out the recalculation, we took into account that this is 4% more than the inflation index recorded for the previous year," emphasized Ulyutin.
Financial Stability of the Pension System
Denys Ulyutin stressed that financial stability of the pension system was an important prerequisite for the indexation. "For the first time in many years, the Pension Fund begins the year with an approved budget, which guarantees predictability of payments for millions of Ukrainians," he said.
The budget of the Pension Fund for 2026 is balanced and without a deficit, with a total volume of over 1.2 trillion hryvnias. This means that more than 10 million retirees will be able to receive their payments on time and without delays.
Current Pension Level Issues
However, Denys Ulyutin pointed out that the average pension in 2026 will amount to approximately 6,500 hryvnias, and more than 4.3 million retirees will receive lower payments.
The Minister emphasized the need for further pension increases, stating that "this is not enough for a decent life." In this regard, the Ministry of Social Policy has completed the development of a new pension system model that aims to ensure long-term stability and fairness of payments.
It should be noted that pension indexing is part of broader systemic changes that are expected to improve the financial condition of retirees in Ukraine.
