Key Takeaways
- • The Pension Fund of Ukraine set the average salary indicator for 2023–2025 at 17,482.87 UAH for initial old-age pension appointments in 2026.
- • The 17,482.87 UAH figure is not a pension amount; individual payments depend on each person's earnings and insurance experience.
- • Monthly average salary indicators published by the Pension Fund for 2026 include 21,876.06 UAH (January), 23,218.24 UAH (March), 25,001.55 UAH (April) and 28,169.69 UAH (June).
- • Monthly indicators feed individual earnings coefficients but do not replace the 17,482.87 UAH base used for new 2026 appointments.
- • Previously assigned pensions follow separate indexation and recalculation rules, so the 2026 indicator does not automatically recalculate them.
Summary
The Pension Fund of Ukraine has clarified which average salary figure applies to old-age pension calculations in 2026. For the initial appointment of an old-age pension, the applicable benchmark is the average salary indicator for 2023–2025, which stands at 17,482.87 UAH, according to the Fund's explanation as reported by Судово-юридична газета.
The Fund stressed that this benchmark does not represent the pension a person will receive. Under the Law of Ukraine "On Compulsory State Pension Insurance" (Articles 27 and 40), the basic old-age pension is calculated by multiplying the average salary indicator by the individual's earnings coefficient and insurance experience coefficient. The earnings coefficient reflects the ratio of the person's actual salary to the average salary for the corresponding months, while the experience coefficient depends on the length of insurance service. Earnings are counted from July 1, 2000, and under certain legal conditions the salary for any 60 consecutive calendar months before that date may also be considered.
Separately, the Pension Fund publishes monthly average salary indicators based on the wages from which insurance contributions were paid. Official figures for 2026 cited in the article are 21,876.06 UAH for January, 23,218.24 UAH for March, 25,001.55 UAH for April and 28,169.69 UAH for June. As of October 31, 2026, June was the latest value in the Fund's table. These monthly figures are used, among other things, to determine individual earnings coefficients and do not replace the 2023–2025 benchmark used for new appointments.
Finally, the Fund noted that previously assigned pensions are governed by separate indexation and recalculation rules. The 2026 indicator for new appointments therefore does not trigger an automatic recalculation of existing pensions.
The Fund stressed that this benchmark does not represent the pension a person will receive. Under the Law of Ukraine "On Compulsory State Pension Insurance" (Articles 27 and 40), the basic old-age pension is calculated by multiplying the average salary indicator by the individual's earnings coefficient and insurance experience coefficient. The earnings coefficient reflects the ratio of the person's actual salary to the average salary for the corresponding months, while the experience coefficient depends on the length of insurance service. Earnings are counted from July 1, 2000, and under certain legal conditions the salary for any 60 consecutive calendar months before that date may also be considered.
Separately, the Pension Fund publishes monthly average salary indicators based on the wages from which insurance contributions were paid. Official figures for 2026 cited in the article are 21,876.06 UAH for January, 23,218.24 UAH for March, 25,001.55 UAH for April and 28,169.69 UAH for June. As of October 31, 2026, June was the latest value in the Fund's table. These monthly figures are used, among other things, to determine individual earnings coefficients and do not replace the 2023–2025 benchmark used for new appointments.
Finally, the Fund noted that previously assigned pensions are governed by separate indexation and recalculation rules. The 2026 indicator for new appointments therefore does not trigger an automatic recalculation of existing pensions.
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