Military pensioners will receive increased pensions from mid-March – Cabinet

Since the second half of March, the Pension Fund will start the payment of the recalculated pensions. Principal payments under the new system of charging will start on April 1. About it reports a press-service of the Cabinet of Ministers of Ukraine.

As reported, the pension will be recalculated from 1 January 2018. Thus, military pensioners will get pension immediately restated for the period from January to April. The recalculation will be based on data from the departments in which the retirees served, the Ministry of interior, Ministry of defense and others. Separate treatment of the Pension Fund to recalculate the pension is not required.

When converted, representatives of the Cabinet, will be considered the salary for the position, the salary on a special rank and the percentage increase for years of service. Separately will be recalculated pensions for the command and enlisted personnel of internal Affairs bodies – for them will be to consider not only the above payments, but the monthly additional types of cash collateral and the premium for January 2016.

Increase of pensions will take place poetapno. From 1 January 2018, the average increase of pensions will be 1500 UAH. From January 1, 2019, it added another 750 hryvnia. 1 January 2020 – still the same. Thus, two years military pensions will increase from the current average of UAH 2898,41 almost half.

Pensions will be revised for seniors 12 law enforcement agencies. Total increase will get 498 thousand people. This Pension Fund has allocated a budget of 7.8 billion USD.