The Five-Year Rule: Who Now Cannot Apply for Pension Without Salary Reference.

The Pension Fund of Ukraine in Luhansk region explained that when calculating the pension by age, the earnings of the citizen for all periods of insurance experience since July 1, 2000 are taken into account. This is the main rule for calculating pension payments.

The salary reference for any 60 consecutive calendar months prior to July 1, 2000 is provided solely at the applicant's discretion. In cases where the individual had a high salary or worked part-Time, it is advisable to apply for such a reference.

It is emphasized that the salary reference is issued by the enterprise or organization where the individual worked, based on accounts and other documents regarding the accrued salary. In the event of the liquidation of the enterprise, the reference may be issued by the legal successor of the organization or the archival institution.

Does Not Affect Pension Calculation

Pension Fund specialists remind that if the salary before July 2000 is low compared to the later period, it will be taken into account but will not affect the final pension calculation.

The Pension Fund explained that to calculate the pension by age, it is important to consider the citizen's earnings from July 1, 2000. The earnings reference for the previous 60 months until this date is submitted at the individual's discretion, and it can be issued by the enterprise, organization, or archival institution. Despite the fact that a low salary before July 2000 does not affect the final pension calculation.