Pensions over a certain amount will start to be reduced: details of the new regulation.

The Ukrainian government has decided to reduce special pensions during the martial law for 17,500 retirees who have been assigned high pensions under special laws. The restrictions will apply to all types of special pensions exceeding 23,610 hryvnias, except for judges' pensions.

'This concerns excessively high pensions assigned under special laws,' explains pension expert Serhiy Korobkin.

According to Korobkin, the reduction of pensions will depend on the amount of their excess. The higher the pension, the more it will be reduced. The reduction mechanism envisages three levels: for pensions from 23,610 to 25,000 hryvnias, the excessive part will be reduced by 50%, in the range of 30,700 to 40,100 hryvnias the reduction will be 70%, and for payments over 50,000 hryvnias - 90%.

It should be noted that the reductions will not apply to the pensions of military personnel who are currently in combat zones or who have participated in the defense of the homeland since 2013. They will also not be applied to retirees who receive pensions due to the death of a serviceman.

'Interestingly, the insurance part of the pension earned by a person will not be reduced according to the new rules,' emphasizes Korobkin.

From January 3, 2025, the reduction of special pensions will apply to payments exceeding 23.61 thousand hryvnias during the martial law. Pension certificates can now be obtained in electronic format through the PFU portal and the Diia mobile application, which facilitates the service for retirees.