Without unnecessary paperwork: New pension contribution rules revealed by the Pension Fund of Ukraine.

The Pension Fund of Ukraine introduces new rules for extending contracts for voluntary insurance contributions

Starting in 2025, the Pension Fund of Ukraine will implement a convenient way to extend contracts for voluntary insurance contributions. The main innovation lies in the automatic extension of agreements without the need to go through bureaucratic procedures. This was reported by the press service of the Pension Fund.

Citizens who previously signed contracts for voluntary payment of insurance contributions do not need to take any additional actions. Existing agreements will be automatically extended until December 31 of the following year through the Pension Fund's electronic web portal.

The main advantage of the new approach is flexibility for system participants. Each citizen can independently determine the frequency and amount of their insurance contributions, taking into account their own financial capabilities.

However, experts note that funds will be credited to the Pension Fund's account only one month after their actual receipt.

Recall that pensioners are promised an increase in payments already in March 2025.