They are provided pursuant to the Law of Ukraine on Compulsory State Pension Insurance (statements of the Ukrainian Supreme Council, 2003, No.
[1][2][3] Ukraine's pension operates with three tiers: This level is based on solidarity and subsidizing principles.
Within this framework, pensions are assigned when reaching age 60 for men and 58.5 for women, on disability or on loss of the breadwinner.
This system is funded by employees, entrepreneurs, the self-employed and others who are obliged to contribute to the state pension insurance.
Non-governmental funds are legal entities established under the Law of Ukraine "On private pension provision".
Participants of this system do not lose the right to compulsory state pension payments and are entitled to set their retirement age.
The next amendment applied to the automatic pension adjustments that reflect the increase in average salary and inflation.
[9][10][11] Changes were introduced for public servants, judges, prosecutors, educators receiving special pensions.
The government covered ₴141 billion of pension spending while the rest was funded by Single Social Contribution.
[12] Capital residents received the highest average pension in 2017, ₴2,408.02, while the lowest was in Sumy Oblast, at ₴1,560.95.
Pensions of public servants, judges, prosecutors, and educators received multiples of the average.