The Pension Fund of Ukraine responded on how to maintain insurance experience without interruption.

The Pension Fund of Ukraine answered questions about making voluntary pension contributions during downtime

The Pension Fund of Ukraine responded to inquiries regarding the payment of voluntary pension contributions during the forced downtime of enterprises. The response was provided by the press service of the Pension Fund of Ukraine. The inquiry sought an answer to the question: 'Is it possible to pay voluntary pension contributions during the forced downtime to avoid interrupting the experience?'

In response, the Pension Fund explained that only those months for which insurance contributions were made - either by the employer or by the citizen themselves - count towards the insurance experience.

If during the downtime the employer does not pay wages and does not make insurance contributions, the citizen has the opportunity to independently make voluntary pension contributions through a simplified procedure. To do this, it is necessary to conclude a contract for voluntary participation through the electronic portal of the Pension Fund of Ukraine. The funds will be credited in the month when they arrive in the Pension Fund's account. Payment of voluntary contributions during downtime will allow obtaining insurance experience for that period.

To count one calendar month towards the insurance experience, it is necessary to pay an amount that is not less than the minimum insurance contribution. Currently, it amounts to 22% of the minimum wage, which is 1,760 hryvnias. The Pension Fund noted that citizens can continue to make voluntary contributions even after receiving wages, which will lead to an increase in the amount of future pension.

The process of concluding a contract for voluntary participation is available on the electronic portal of the Pension Fund.

From the beginning of March, insurance payments will increase.