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Are you entitled to recalculation of military pension?

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Oleksandr
Oleksandr
Accountant/Auditor
Ukraine / Chernivtsi

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Reading time: 7 minutes Total views: 48
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Publication date: 04.06.2024

Are you entitled to recalculation of military pension?


Basic provisions regarding the transfer of military pension


According to the legislation of Ukraine, servicemen who have left the service have the right to receive a military pension. This type of pension provision is regulated by the Law of Ukraine "On pension provision of persons released from military service and certain other persons".
According to the law, the military pension is subject to recalculation in connection with the increase in the monetary support of military personnel. This procedure is carried out automatically and does not require an additional application of the pensioner to the bodies of the Pension Fund of Ukraine.


Grounds for recalculation of military pension


The main grounds for calculating a military pension are:

- Increase in salaries for military ranks and official salaries of military personnel.

-Introduction of new allowances, surcharges, increases, which are included in the monetary support.

- Change in the amount of previously established allowances, surcharges, increases.
It is worth noting that the recalculation of the military pension is carried out regardless of the date of the person's release from service. That is, even pensioners who retired many years ago have the right to recalculation in accordance with changes in the financial support of military personnel.


The procedure for calculating the military pension


The procedure for recalculating a military pension involves the following stages:

-The authorities of the Pension Fund of Ukraine receive information about changes in the financial support of military personnel from the Ministry of Defense of Ukraine or other competent authorities.- On the basis of the received data, the pension of each military pensioner is automatically recalculated.

-New amounts of pensions are brought to the attention of pensioners through payment documents (payment orders, pension certificates, etc.).
It is important to note that the recalculation is carried out from the first day of the month in which there were changes in the financial support of military personnel. Thus, pensioners receive increased payments from the moment of entry into force of the relevant regulatory and legal acts.


Features of military pension calculation


It is worth noting that the recalculation of the military pension has a number of features:

- The pension can be increased automatically without the participation of the pensioner.

- Recalculation is carried out regardless of the date of dismissal of a person from service.

- The new amounts of pensions are applied from the first day of the month in which there were changes in the financial support.

- Recalculation of the pension is carried out on the basis of data received from the Ministry of Defense of Ukraine and other competent authorities.
These features are aimed at ensuring timely and automatic recalculation of military pensions in accordance with changes in the financial support of military personnel.


Conclusions


Thus, military pensioners in Ukraine have the right to recalculate their pension in connection with the increase in the monetary support of military personnel. The recalculation procedure is automatic and does not require an additional application by the pensioner to the bodies of the Pension Fund of Ukraine.
The main reasons for the recalculation are an increase in salaries, the introduction of new allowances and additional payments, as well as a change in the amounts of previously established payments.New amounts of pensions are brought to the attention of pensioners, and increased payments are applied from the first day of the month when the corresponding changes took place.
A key feature is the automatic recalculation of the military pension, independent of the date of discharge, which ensures a timely and effective increase in the level of pension provision for military personnel.


You may be interested in articles on the topic: Recalculation of pensions, lifting the pension limit, lifting the maximum pension limit, pension limit, maximum pension limit

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