To receive an increased pension, some pensioners do not need to wait for indexation.
Citizens can increase their pensions on their own, for this you need to fulfill one condition - to retire not at the age of 60, but later, writes “On Pension”.
The fact is that pensioners who, upon reaching the age of 60 and having the required number of years of service, will refuse their pension and continue to work, upon retirement they will be given an extra seniority bonus.
According to Article 29 of the Law of Ukraine “On Compulsory State Pension Insurance”, with a later appointment of a pension, its basic amount increases: by 0.5% - for each full month of insurance experience, starting from the month following the month of reaching retirement age with a delay in reaching a pension for up to five years and by 0.75% - for each full month of insurance experience, starting from the month following the month of reaching retirement age, if the delay is more than five years.
“It turns out that deferring a pension for a year gives an increase to the pension in the amount of 6%, for two years - 12%, and so on. If the delay is, for example, 6 years, then the basic pension will increase by 54% compared to what it could have been originally. That is, if you still work for at least 6 years after the age of 60, then the basic pension will increase by 54%”- the article says.
At the same time, the premium for long service in monetary terms may turn out to be miserable if the pensioner has a small basic pension. Therefore, before waiving a pension, you should find out its size.
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Source: Fakty
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