OREANDA-NEWS. September 07, 2011. To increase the transparency of the Pension Fund of Ukraine has developed a program “Pension Calculator” which is designed to provide the public with information services on the determination of old-age pension on the general basis in the solidary system in accordance with Articles 27 and 28 of the Law of Ukraine №1058-IV of 09.07.2003 “On Compulsory State Pension Insurance”.

Downloaded from the official website of the Pension Fund program “Pension Calculator” to the computer, everyone can independently calculate the level of the future labor retirement pension on the general basis in the solidarity system.

However, it should be borne in mind that the calculation is only done in two ways - salary and insurance experience, so the calculated amount of pension in this way can only be regarded as preliminary.

“The Calculator is not able to take into account all the circumstances giving rise to eligibility for a pension and individual characteristics that affect to the pension level, - the Deputy Chairman of the Pension Fund of Ukraine V. Nikitenko noted. - To each concrete person only the official of department of the Pension Fund on the basis of all documents presented by the applicant can specify the exact sum of pension”.