Ukraine to adjust retirement benefits to inflation, cost of living increase Journal Staff Report
The minimum increase in pensions as a result of indexation from March 1 will be UAH 100, and the maximum some UAH 1,500, Prime Minister of Ukraine Denys Shmyhal said. "From March 1, we are indexing pensions. For over 10 million citizens, pensions will increase by 11.5%. The minimum amount of pension increase will be at least UAH 100. And in order to fairly distribute financial resources and increase the smallest pensions, we are introducing the maximum amount of indexation, up to UAH 1,500," Shmyhal said Tuesday.
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