In Ukraine, pensions may be indexed by 15.4% in March 2026, according to preliminary estimates. The final adjustment rate will be known in February next year, but the draft state budget already includes the traditional recalculation of pension payments.
Source: Obozrevatel
The most significant increase is expected in March — during the annual indexation. The indexation rate is determined by a formula that takes into account 50% of the average wage growth over the past three years and 50% of the previous year’s inflation rate.
If inflation in 2025 reaches about 9.6% and wage growth continues, pensions could rise by approximately 15.4%. For comparison, in 2025, the indexation was 11.5%, as it was based on 2022 data — a year when real incomes fell due to the start of the full-scale war.
In 2026, those figures will no longer be considered, which should result in a more noticeable pension increase.
However, experts note that the increase will not apply to the entire pension amount but only to the portion calculated by the basic formula — excluding age-related or other supplements.
For example, if a pension amounts to 6,300 UAH, of which 300 UAH is an age-related bonus, only 6,000 UAH will be subject to indexation. With a 15.4% increase, the total payment would rise to 6,924 UAH.
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