On February 5, the Cabinet of Ministers of Ukraine approved the budget of the Pension Fund of Ukraine for 2026, the total amount of income and expenses was determined at the level of UAH 1,263.3 billion. This was reported by the Ministry of Social Policy, Family and Unity on its official website.
The department emphasized that the document immediately takes into account one of the most anticipated changes for Ukrainians – the indexation of pension and insurance payments from March 1, 2026. That is, the recalculation of pensions is not laid down as an additional “plan for later”, but part of the financial structure that has already been agreed upon by the government.
The Minister of Social Policy, Family and Unity of Ukraine Denys Ulyutin assured that the budget of the Pension Fund for the next year has been formed without a deficit, and the financing of all social payments should be carried out in a timely manner and in full.
“At the same time, we are preparing further systemic changes in pension provision to make the pension system more fair, transparent and understandable for people, he emphasized.
The approved budget provides that the largest financial resource will be directed specifically to pension payments – this is planned for 1 001.9 billion UAH. In addition to pensions, the fund will also finance social guarantees, which often remain in the shadow of high-profile figures, but are critically important for millions of people.
In particular, 63.8 billion UAH is provided for payments under mandatory state social insurance in connection with temporary loss of working capacity and due to accidents at work or occupational diseases that led to loss of working capacity.
Another 197.6 billion UAH is allocated for payments of housing subsidies and benefits for paying for housing and communal services, as well as for supporting citizens in purchasing solid and liquid household fuel and liquefied gas. This amount includes state social assistance and other social payments provided for by law.
The report also notes that the 2026 budget includes indexation of pensions and insurance payments from March 1, which should become a key element of supporting people against the backdrop of economic changes and rising costs of living.
The government is also working on the idea of increasing the minimum pension from UAH 3,400 to UAH 6,000. It is expected that such changes may affect approximately one third of pensioners, primarily those who have worked for a long time with low salaries.
However, an important condition is emphasized: the implementation of such an increase is directly related to the reform of the solidarity system, that is, the model under which working citizens support those who already receive pensions. Without updating this system, as noted, the state risks facing the collapse of the social sphere.
