In Ukraine, the procedure for determining the income of working pensioners, which is used to revise their pension payments, has been updated. The Pension Fund explains that the changes are aimed at more accurately taking into account the real earnings of people who continue to work after retirement. This is reported by “Pershy Biznesovy“, the PromPolitInform portal reports.
During the recalculation, official incomes are used, from which the employer pays a single social contribution. This applies to wages, regular bonuses, allowances and other payments reflected in the reporting. It is these data that affect the update of the coefficients of length of service and earnings, which form the size of the pension.
At the same time, one-time material benefits, social payments or other income that is not part of the salary fund are not taken into account. This approach avoids situations where one-time payments artificially increase income and distort the results of the recalculation.
The procedure remains automatic: working pensioners do not need to submit applications or additional documents. Updated payments are calculated based on data that the Pension Fund receives from employers.
Recall that the new approach makes the system more transparent and stimulates official employment of older people.
