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Three Pension Changes Are Coming In Belarus

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Three Pension Changes Are Coming In Belarus

Some will fall into a financial trap.

Belarus will soon have several pension innovations. "Zerkalo" has compiled a selection.

The innovation, which is related to Ukraine

Pensioners living in Belarus and having a work record in Ukraine will be able to receive payments for this period, despite the denunciation of the bilateral agreement on pensions. The corresponding decree of Alexander Lukashenko came into force on August 16.

Pension costs will be provided within the annually planned budget of the state extra-budgetary fund of social protection of the population.

Reminder, in May 2023, Ukraine withdrew from the intergovernmental agreement on guarantees of citizens' rights in the field of pensions. In November of the same year, Belarus also terminated the agreement.

Some people will get a raise

In Belarus, September 1, labor pensions will be raised - for age, length of service, disability and survivor pensions. The growth is an average of 5%.

The minimum labor and social payments will not be raised next month. They are revised once a quarter, next time - in November.

"According to preliminary estimates, the average size of retirement pension in September this year will be 980 rubles. The annual increase (September 2025 to September 2024) will amount to 167 rubles, or 20.5%," - reported earlier in the Ministry of Labor.

The Ministry also drew attention to the fact that "the amount of increase in the labor pension of each pensioner will be different depending on the length of service and the amount of earnings, as well as the established additional payments".

In Belarus, more than 2.3 million people receive labor pensions, the agency said.

Change on contributions to the Social Security Fund

Since August 18, Belarus will introduce a novelty, which concerns salaries. "When paying wages before the deadline, employers are simultaneously obliged to pay mandatory insurance contributions, contributions to professional pension insurance," explained earlier in the Social Security Fund.

"Payment of contributions is made on the day of actual payment of wages for the expired month, but not later than the established day of this payment, following the reporting quarter," - explained in the Fund, as now employers make deductions to the Federal Social Security Fund.

From August 18, these contributions will have to be made by the 20th day, if wage payments are made later than this date. But if the deadline for payment of money to employees is set later than the 20th of the month, the contributions to the Federal Social Security Fund must still be made before that date.

For employees, these deductions of employers are important in order for them to form an insurance record - it will be needed in the future for the appointment of pensions. Otherwise, you can fall into a financial trap.

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