What are the statutory pension benefits in Ukraine?

In Ukraine, both employees and employers are required to make contributions to the pension system. The amount of these contributions depends on the individual’s earnings and employment status. The retirement age is determined by several factors, including the year of birth, gender, and certain professions. It is important to note that this system does not guarantee sufficient pension provision in the country.

In Ukraine, statutory pension benefits are part of the state pension system, administered primarily by the Pension Fund of Ukraine. These benefits are governed by laws such as the Law of Ukraine "On Compulsory State Pension Insurance" and the Law "On Pensions".