To receive a pension of 10,000 UAH, one must have 33 years of experience and a salary that is twice the average. Writes nv.ua. This information is reported by Contracts.UA.
This is discussed in the material from 24 Channel.
In 2025, Ukraine's pension system continues to operate on the principle of individual pension payment calculations, which depend on two main factors: salary level and insurance experience.
How the pension amount is determined
The pension calculation formula includes the following components:
1. Salary: the higher the official salary from which contributions were paid, the greater the salary coefficient.
2. Insurance experience: the number of years a person has officially worked and made contributions to the Unified Social Contribution (USC) is taken into account.
3. Average salary in the country: the average salary for the three years preceding the year of retirement is used.
The formula looks like this – pension = ASP x ISK x CS, where:
ASP — average salary in Ukraine;
ISK — individual salary coefficient;
CS — insurance experience coefficient (1 year of experience = 1%).
What experience and salary are needed for a pension of 10,000 UAH
To receive a pension of 10,000 UAH, one needs significant insurance experience and a high salary level. If the official salary was average, the experience must be even greater, and for those who paid minimal contributions, reaching such a pension level will be difficult.
Example calculation:
1. Average salary in the country (ASP): hypothetically – 15,000 UAH.
2. Individual salary coefficient (ISK): for calculations, let’s assume the person earned twice the average salary (coefficient 2).
3. Experience (CS): 10,000 = 15,000 x 2 x CS (CS = 0.33).
Thus, the experience must be 33 years if the person received a salary that was twice the average throughout their working life.
If your official salary was closer to the average level in Ukraine, the insurance experience must be higher. For instance, with a salary equal to the average (coefficient 1), to achieve a pension of 10,000 UAH, the experience would need to be around 66 years, which is physically impossible.
Remember, Ukrainians can buy insurance experience to potentially receive a higher pension in the future. There is a simple tool available on the Pension Fund portal that allows this to be done in just a few steps.