Ukrainians have the opportunity to independently choose the period for calculating their pension, provided they have sufficient insurance experience.
This was reported by the Pension Fund of Ukraine (PFU).
The Pension Fund of Ukraine (PFU) notes that future pensioners can include up to 5 years from the period before 2000 in their benefit calculations.
The main criterion for calculating the pension is the salary for all years of insurance experience starting from July 1, 2000. However, up to 5 years can be added from the time before June 30, 2000. This allows for an increase in the pension amount by selecting years with higher earnings.
The PFU also emphasizes that for pension calculations, salaries prior to 2000 are selected using an optimization system. After 2000, income is accounted for on an individualized basis, and the option to choose specific years no longer exists.
Experts recommend selecting those years before 2000 when the salary was at its highest. This will result in a higher coefficient when calculating the pension, which, in turn, will affect the amount of monthly payments.