Ukraine has updated the average salary indicators for calculating pensions

Ukraine has approved new indicators of the average salary from which insurance contributions are paid and which is taken into account when calculating pensions in accordance with the law on mandatory state pension insurance.

These indicators are used to calculate pension payments and determine the salary coefficient when assigning a pension.

What indicators have been approved

In 2026, the average salary for calculating pensions is:

— for January — 21,876.6 UAH;

— for February — 22,455.11 UAH;

— for March — 23,218.24 UAH.

In fact, this is the official indicator of the average salary from which insurance contributions are paid to the Pension Fund.

Ukraine is preparing changes to the pension system

Earlier, the Minister of Social Policy, Family and Unity Denys Ulyutin reported that Ukraine plans to change the approach to the funded pension system.

Instead of a mandatory funded model, the government is considering a voluntary system with an “auto-enrollment” mechanism. This means that employees will automatically be included in the funded level with the payment of contributions, but everyone will have the right to refuse participation.

In this case, a person will remain only in the solidarity pension system.

According to the minister, a similar model is already operating in Poland, and European experience shows that a fully mandatory funded system is not always effective.

The Ministry also states that they are already working on mechanisms for investing funds to protect citizens’ pension savings.

It is expected that the Verkhovna Rada may consider the relevant bill by the end of 2026.