Residents of Ukraine warned about the fall of pensions in the future

Photo of author

By admin

The Ministry of Social Policy of Ukraine reported that the International Labor Organization has established the ratio of the size of the pension to the salary received by a person at least 40%, but Ukraine, which has ratified the document, pays only 29%. In the future, this percentage will only decrease, reports the portal “”.

According to journalists, the decrease in the size of pension payments is associated with the demographic situation in the country.

The pension system can function normally only when at least twice as many citizens pay contributions as they receive pensions. At the moment, 13 million working residents of Ukraine pay to the Pension Fund, while there are 11.1 million pensioners in the country, the report says.

The Ukrainian government predicts that by 2050 there will be more than 11.7 million retirees, and about 9.7 million people will work.

Earlier, on March 13, former Ukrainian Prime Minister Mykola Azarov compared the size of pensions in Russia and Ukraine. According to him, the average Ukrainian pension is about three times less than the Russian one.

At the end of January, the head of the National Commission for Securities and Stock Market Timur Khromaev said that pensions in Ukraine could sharply decrease against the background of the demographic crisis. According to his forecasts, the amount of payments will decrease by one and a half times by 2030. The reason for this situation will be a reduction in the number of employees, from whose salaries will be deducted contributions to the Pension Fund, as well as an increase in the number of pensioners in the country.

At the same time, in October 2020, Prime Minister Denis Shmygal said that pensions could disappear altogether in Ukraine. According to him, the state will be unable to pay them in 15 years.