On September 17, Ukraine's Cabinet of Ministers approved the budget of the Pension Fund for 2026. The total revenue of the Pension Fund is set at 1 trillion 25 million hryvnias. Of this amount, 858 billion hryvnias are allocated for mandatory state pension insurance, and 42 billion for social insurance in case of temporary disability and workplace accidents.
Additionally, 117 billion hryvnias will come from the state budget for social payments and for financing pensions assigned and recalculated according to court rulings. The total expenditures of the Pension Fund for 2026 are planned at over 1 trillion 102 billion hryvnias. The budget includes funds for pension indexation, insurance payments, additional allowances, recalculations, and other social payments.
Compared to 2024, the Pension Fund's income has grown by about 140 billion hryvnias. However, this figure is based on an exchange rate close to 45 hryvnias per US dollar, which may affect the purchasing power of pensioners. Further price growth and inflation are expected, which pose risks to the sufficiency of pension payments.
Experts note that fighting corruption and optimizing state expenditures could increase pension revenues. There is also an emphasis on the importance of directing budget funds to ensure social stability and support for pensioners under challenging economic conditions.
The discussion on the sufficiency of pensions, effectiveness of allocated funds, and fairness in state expenditures continues. A more detailed analysis of pension calculations is promised in future updates.
