Pensions for 2.5 Million Ukrainians Rise Over ₴1,000

Current adjustment of pension payments is connected with the increase in price index after inflation

uatv
19.03.2019
Photo from Ukrinform-UATV

 

Pensions for more than 10 million Ukrainians have been raised to the average amount of ₴514, Deputy Prime Minister of Ukraine Pavlo Rozenko said during a conference call with the Cabinet of Ministers, Government Portal reported.

“Recall that the Government has decided that the increase in pensions cannot be less than ₴100,” he said.

According to the Deputy Prime Minister, 2.5 million people will get a raise in the amount from ₴100 to ₴400, more than 1.5 million will be additionally paid by the sum from ₴400 to ₴700, and almost 500 thousand people will get an increase from ₴700 to ₴1000.

“And, especially, 2.5 million Ukrainians got more than ₴1000 increase. I emphasize that this is an increase to the monthly pension,” Rozenko said.

He also recalled that about 2.1 million pensioners who have a great working record, but a pension less than ₴1,700 will receive an additional one-time payment in the amount of ₴2,410.

“This amount will be paid in two tranches – ₴1,205 on March 1 and ₴1,205 on April 1,” Rozenko added.

Current adjustment of pension payments is connected with the increase in price index after inflation.

Source UATV
date 19.03.2019
categories Economics
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