The exact increase will depend on various factors, with inflation playing a key role. Although the overall rise is expected to be around 10%, individual pension adjustments will vary based on personal circumstances, including wage growth trends over the past three years.
As is known, the recalculation will affect the main part of the pension, which is calculated using the official formula. However, this does not include any additional allowances, so some pensioners may not notice any difference at all.
For those receiving lower pensions that are topped up to the minimum threshold, the recalculation will only impact the basic pension amount. For instance, if the basic pension increases by 8%, a person whose pension is 2460 hryvnias may see an increase to 1328.4 hryvnias. However, the total pension amount may remain unchanged, as the allowance will be adjusted accordingly to keep it at the minimum level.
Final data on the exact adjustments to pension payments will be released in the coming weeks, as soon as the Pension Fund completes the necessary calculations.
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