The Cabinet of Ministers has decided to index pensions by almost 8% starting March 1, 2024. This was announced by Prime Minister Denys Shmyhal.

"Today, the Government has decided to index pensions starting March 1 this year. This is the third indexation during the full-scale war. Pensions will be increased by almost 8%. The average increase will amount to UAH 322, and the average pension will increase to UAH 5,717. The increase is calculated based on inflation and the growth of the average salary in Ukraine," the Prime Minister said.

According to him, the indexation will affect more than 10 million citizens, including 9.5 million civilian pensioners, almost 600,000 pensioners of law enforcement agencies and about 100,000 Chornobyl victims.

In addition, starting from April 1, pensions for 654 thousand working pensioners will be automatically recalculated based on the updated insurance record.

"Also, in 2024, for the second time in a row, the lowest pensions will be indexed. That is, despite all the challenges and difficulties, we continue to support our people. We are not just indexing, but also expanding its perimeter," Shmyhal summarized.