Insufficient Pensions for Ukrainians with Low Salaries
According to calculations by the publication OBOZ.UA, Ukrainians earning an official salary of 10,000 hryvnias may face inadequate pension payments in the future.
Many citizens of Ukraine, especially those residing in smaller towns, are struggling with low salaries, which could lead to insufficient income for a dignified retirement. For instance, a Ukrainian with a monthly salary of 10,000 hryvnias could expect to receive a pension of only 2,818 hryvnias, assuming they spend a full 35 years contributing to the social insurance system.
It is crucial to note that Ukrainians have the option to voluntarily enter the mandatory state social insurance system, allowing them to make contributions to the Pension Fund and influence the size of their future pension payments. Additionally, financial experts recommend setting aside a portion of income for future savings to ensure financial security during retirement.
As the country continues to grapple with economic challenges, the issue of insufficient pensions for low-income workers remains a pressing concern. It highlights the importance of proactive financial planning among citizens, particularly those whose current salaries may not be enough to secure a comfortable retirement.
