Since the employee does not work during the vacation period, the average salary is paid to him. This provides employees with annual leaves (main and additional) to preserve their place of work (position) and salary for their period. Payments, called vacation pay, are formally the salary for vacation days. Further changes, like implementing the secondary accumulative pension level, are also planned by the government, but the date is not set. In 2017 pension reform changes included an increase in the length of pensionable service or the ‘modernization’ of pension calculation. Since 2022, the pension age has been increased to 60 years with at least 29 years of experience. Unfortunately, this system does not guarantee sufficient pension provision, especially considering the nation’s aging and the decrease in the working population. The Ukrainian pension system is based only on level 1 of the pension provision (PAYG ‘pay as you go’ level). In addition to this, the process of obtaining benefits is rather bureaucratized. The state of social guaranties in Ukraine is insufficient to ensure a minimum standard of living.

More comprehensive options typically covered within policies, such as dental, critical illnesses, vision, maternity, vaccination, checkup, etc., are also readily available. Insurance companies are still working and providing services in territories with low-level military action in Ukraine but not in the regions with active action and the occupied territories.Įmergency and planned assistance, as well as in-patient and outpatient, can still be provided employees can pick up prescriptions in the pharmacies.

Perks range from ‘health days’ to critical illness coverage.ĭespite the martial law in the country, the need for Health & Benefits support remains in Ukraine. Supplementary employee benefits in Ukraine include retirement, life, medical, and personal accident insurance. They include pension benefits, unemployment, death, and short-term and long-term disability from occupational illnesses or personal accidents. Mandatory employee benefits in Ukraine are provided within the state social security system.

Average pension in ukraine 2020