To retire at 60 in Ukraine, you need to have 32 years of total experience. This is a requirement that must be met by everyone who plans to receive a pension at the age of 60. But it is important to understand that the total experience consists of more than just what is displayed in your personal account on the Pension Fund of Ukraine portal. To achieve the required number of years, it is important to take into account several factors.
The modern insurance experience has been calculated since 2004, when a new system for calculating pension accruals was introduced in Ukraine. This experience depends on the taxes paid by you or on your behalf, and at the moment, if you check your information on the Pension Fund portal, you can see the maximum experience, which can be up to 20 years. But this is not enough to be entitled to a pension at 60, or even at 63.
However, there are other ways to increase your total experience. First, for those who studied full-time at a university, this period can be included in the added experience. Similarly, deductions can be made for periods when you gave birth to children. In the case of service in the army or other state bodies that provide state protection, these years are also added to the total length of service.
Another important aspect is the length of service related to work as an individual entrepreneur. Entrepreneurs who pay taxes on time also have the right to have these years included in their length of service. It is also important to pay attention to documents confirming your length of service before 2004. This is a work book with relevant entries that record periods of work at enterprises and organizations until that time.
Therefore, if you want to retire at 60, it is important to carefully check all your documents, take into account all periods of work and activity that can be included in your length of service. Changes in legislation occur quite often, so knowledge of the current rules and the ability to adjust your length of service with the help of additional documents is a very important factor.
