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Who is affected by the pension recalculation from June 1, 2024?

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Письменна Марія
Письменна Марія
Attorney
Ukraine / Kyiv

i

Reading time: 6 minutes Total views: 60
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Publication date: 01.06.2024

Lawyer

Who is affected by the pension recalculation from June 1, 2024?

 

From June 1, 2024, the recalculation of pensions for a certain category of citizens will begin in Ukraine. This change will affect only part of the pensioners who continue to work. Let's consider who exactly this recalculation affects, how it will be carried out, and why it is important to seek professional legal help.

 

Who is entitled to pension recalculation?

 

The June recalculation will affect only a small part of pensioners. Out of 10.4 million pensioners, 2.7 million citizens continue to work. They are the ones who have the right to recalculate payments. It is important to understand that the recalculation is carried out according to a special formula every 24 months, and this formula takes into account additional seniority.

 

If you were awarded a pension and you continued to work, after two years your length of service will be increased and the pension will be transferred.

 

Another condition to consider is that the additional 24 months of experience must be acquired by April 1, 2024. Then, from June 1, the payment will be recalculated. For example, if you had 35 years of experience, and your estimated pension was UAH 7,000, after the increase, your pension will be UAH 7,400. In addition, you will receive an additional 800 UAH for April and May.

 

How is the new amount of pension calculated?

 

Additional seniority and salary are taken into account when calculating the new pension. For example, if your pension with 35 years of service is UAH 10,000, after promotion you will receive UAH 10,571. For April and May, you will be paid an additional 1,142 UAH.

The recalculation also includes the back bonus for May and April, the size of which depends on salary and seniority. The exact number of Ukrainians who will receive an increase will be known after the indexation.

 

Why seek legal help?

 

Pension recalculation can seem like a complicated process that requires an understanding of legislation and accurate calculations. To avoid mistakes and losses, you should consult a lawyer. Consulting a lawyer will help you understand all the nuances of the procedure and understand whether your pension is subject to recalculation.

 

An online lawyer can provide quick and convenient advice, regardless of your location. Document analysis by a professional will allow you to accurately determine whether your documents meet the requirements for pension transfer. A legal opinion from an experienced specialist will give confidence in the correctness of actions and help to avoid possible legal problems.

 

Consulting a lawyer can also be helpful, especially if there are contentious issues or if you need to appeal the decisions of the pension authorities. An online lawyer will ensure prompt and high-quality protection of your rights and interests.

 

Conclusion

 

Don't delay in getting professional legal help. Contact the lawyers and legal analysis of the situation of "Legal Marketplace Consultant" LLC for lawyer's consultation, analysis of documents, professional legal support, lawyer's help online,  other legal assistance. Our specialists are ready to provide you with the necessary support and assistance in resolving issues related to pension transfer and other legal aspects.

Protect your rights and ensure financial stability thanks to timely legal advice from experts.

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