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Recalculation of pensions: practical aspects
Thursday, 08 September 2011 21:40
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Recalculation of pensions: practical aspects

Article 46 of the Constitution of Ukraine envisages citizen’s right to social protection. According to legal norms each working pensioner in Ukraine, after the pension granting, has the right to pension recalculation having 24 months length of insurance period.

EACLA noted that the territorial administrations of the Pension Fund of Ukraine uses the average salary of 2007 during the recalculation of pensions for working pensioners in 2010, and in 2011, which, respectively, is lower than comparable figures in 2009 and 2010. For example, the average salary in 2007 amounted to 1197.91 UAH, but in 2009 amounted to 1650.43 UAH and in 2010 amounted to 1982.63 UAH. During the recalculation of pension, for example, in 2011, territorial administrations of the Pension Fund of Ukraine according to art.40, art.42 of the Law of Ukraine “On Compulsory State Pension Insurance” must use the average salary of employees in 2010, which is 1982.63 USD, not the average salary of employees in 2007. (Details on the legal aspects of the issue can be found here in Ukrainian).