In what ways can the amount of pension be increased through additional insurance...?

Not all citizens of Ukraine can take advantage of the opportunity to independently regulate the size of their future pension through voluntary contributions.

A draft law on pension reform has been submitted to the Verkhovna Rada. It provides for mandatory participation in the cumulative pension system of all categories of working persons before they reach the age of 55 and mandatory payment of pension contributions by employers for the benefit of employees.

According to the project, employers will pay:

• 1% in 2023,

• 1.5% in 2024,

• 2% in 2025 from the salary of employees.

By making voluntary contributions, it is possible to increase the amount of the future pension for the following persons:

• Those who do not officially work, voluntarily paid contributions are acquired insurance experience and salary for future pension;

• For working people – increased wages, the press service added.

Only persons who do not receive a pension, i.e. are not pensioners, can voluntarily pay insurance premiums for pension insurance.