Pension indexing in Ukraine starts on March 1: who will receive payment increases of up to 1,500 hryvnias.

In Ukraine, starting March 1, pensions will be indexed, resulting in an 11.5% increase for nearly 10 million retirees. This was stated by Prime Minister Denys Shmyhal at the beginning of the Cabinet of Ministers meeting.

In February, Ukraine allocated 62.2 billion hryvnias for pensions, while approximately 5 billion hryvnias were spent on subsidies and other payments, he reported.

"We have the support of our partners and the necessary resources to ensure all payments going forward," the head of government declared.

According to current legislation, pension indexing must occur annually on March 1.

The increase in pensions after indexing cannot exceed 1500 hryvnias and must be no less than 100 hryvnias. In the latter case, a monthly supplement will be added to the pension to reach the specified minimum amount.

Shmyhal reminded that starting March 1, the prices of 100 of the most popular medications will decrease. Additionally, agreements with Ukrainian pharmaceutical manufacturers will allow for a reduction in the cost of another 100 drugs by 10% to 50%, depending on the type of medication.

It is worth noting that Ukraine plans to introduce an additional accumulation pension system alongside the solidarity one. This system may begin operating in 2026.