Next year the payment will increase to 50% wage growth and 50% inflation.
Next year the Pension Fund will conduct a recalculation of pensions. This was announced on Friday, September 7, Deputy Chairman of the Foundation Vladislav Mashkin.
“Next year will be made recalculation of pensions in connection with increase in average wages. This is the allocation, which was announced in the pension reform in October last year. Pensions should be increased by 50% the growth of the average wage and 50% of the rate of inflation,” said Mashkin.
Also, according to him, during the preparation of the budget of the Pension Fund takes into account the regular increase of pensions to servicemen.
“According to the decision of the government, this year is the payment of 50% listed pensions next year – another 25% of the amount of the increase will be added to the pension,” said Mashkin.
He said that for eight months of current year pension costs increased 64.2 billion compared with the same period last year.
“According to operational data, the total expenditure on pension and other scheduled payments of pensions for 8 months of 2018 made 234,6 billion UAH 64.2 billion UAH more in comparison with last year,” said Mashkin.
He added that in the budget of PFC in January-August from all sources received 234,7 billion, of which own revenues equaled 128.7 bln UAH 29.6 billion UAH more in comparison with the corresponding indicator of 2017.
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