Future of Retirement Age in Ukraine

The former deputy head of Ukraine's Pension Fund, Viktor Kolbun, discussed the potential for future increases in the retirement age in Ukraine. He expressed concerns over the growing perception that employees will need to work significantly longer to qualify for pensions. However, Kolbun argues that the resources available to raise the retirement age are quite constrained.

He noted that this increase is already in progress, albeit subtly. By 2026, individuals will be required to have a minimum of 33 years of insurance record to retire at age 60, which will eventually rise to 35 years. The implications of these changes could significantly impact future retirees in Ukraine.