In 2024, citizens could retire at the age of 60 if they have at least 31 years of insurance experience, while those with a minimum of 21 years of insurance experience will be able to retire at 63 years old.
However, starting in 2025, these threshold values will increase by one year. To retire at 60, citizens will need a minimum of 32 years of insurance experience, and those wishing to retire at 63 will require at least 22 years. The minimum insurance experience needed to retire at 65 remains unchanged at 15 years.
The pension fund also noted that these requirements will be raised annually until 2028. For instance, in 2026, a minimum of 33 years of insurance experience will be necessary to retire at 60, while the threshold for retiring at 63 will be 23 years.
By 2027, these figures will increase to 34 years for those retiring at 60 and 24 years for those retiring at 63. Finally, by 2028, retirees at 60 will need 35 years of insurance experience, and at 63, they will require 25 years.
These gradual changes are part of the government's plan to ensure the sustainability of the pension system. Ukrainians are urged to carefully monitor their insurance records and plan their retirement timing to meet the evolving requirements.