Ukraine’s Cabinet approves Pension Fund's budget for 2020.

Open source

Cabinet of Ministers approved the Pension Fund's budget for 2020. Prime Minister of Ukraine Oleksiy Honcharuk announced this on his Telegram page.

"The amount of funding for pension programs is 7 billion 26 million 81 thousand dollars. I note that the budget of the Pension Fund of Ukraine for 2020 is balanced," the message says.

It is worth noting that since January 1, 2020, the minimum pension in Ukraine amounts to 66,7 dollars, from July 1 it will increase to 69,7 dollars, from December 1 - up to 72 dollars.

In addition, as of January 1, 2020, the number of years of service required for retirement pensions has been steadily increasing in Ukraine.

Related: Doomed for 20 years: When would Ukrainians receive decent pension?

Now only those who have at least 27 years of work experience can claim a pension.

If a person lacks seniority, the retirement age will not be 60, but 63, or 65, depending on the present work experience and the date of application for the pension.

As we reported earlier, Pension Fund of Ukraine has published data on the number of retirees and average pensions as of January 1, 2020. It was reported by RBC-Ukraine with reference to the Pension Fund’s publication on Facebook.

According to the Pension Fund, as of January 1, there were 11,3 million pensioners in Ukraine, and the average pension was 127 dollars.

Related: Pension Fund announces average pension in Ukraine

Related news

Razumkov to visit Latvia and Estonia on Feb. 24-26

Chairman of the Verkhovna Rada of Ukraine Dmytro Razumkov will pay official visits to the Republic of Latvia and the Republic of Estonia on February 24-26, the parliament’s press service has reported.

U.S. congratulates Ukraine on progress in fighting corruption

The United States has welcomed Ukraine’s progress in the fight against corruption and the implementation of institutional reforms, and also reaffirmed its commitment to a peaceful settlement to the conflict in Donbas.

Russia must begin to implement Minsk accords and stop aggression against Ukraine – OSCE PA.

Russia must begin to implement the Minsk agreements and stop its aggression against Ukraine, which has been lasting for more than five years.

NSDC Secretary Danilov arrives in Novi Sanzhary

Secretary of the National Security and Defense Council of Ukraine (NSDC) Oleksiy Danilov has arrived in the village of Novi Sanzhary in Ukraine's Poltava region, where people evacuated from China were placed in quarantine.

1

U.S. Deputy Secretary Biegun, Ukraine's FM Prystaiko discuss Russian aggression

The meeting was held in Washington.

1

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies