Glossary

Average wage indicator: what it means

The average wage indicator is Ukraine's average wage over the three years before retirement, used to calculate the old-age pension.

The average wage indicator is one of the three factors in the old-age pension formula (pension = average wage indicator × earnings coefficient × record coefficient). It is Ukraine's average wage on which insurance contributions were paid, over the three calendar years before the year the pension is granted.

For pensions granted in 2026 the indicator is UAH 17,482.87, the average for 2023-2025. It rises every year with wages, so a person with the same record and earnings coefficient who retires later receives a larger amount.

The indicator does not depend on your personal salary. Your earnings enter through the earnings coefficient, and the average wage indicator turns that coefficient into hryvnias.

In detail, with examples: How to calculate an old-age pension in Ukraine in 2026: the formula and examples

Related terms

Earnings coefficient Insurance record ESV base

Figures used here

  • Average wage indicator used to calculate pensionsUAH 17,482.87/mo
    for pensions granted in 2026 (average for 2023-2025)

Checked against official sources on November 2, 2026. When a figure changes, it is updated on every page of the site.

Spotted a mistake or an outdated figure? and we will check it against the primary source and fix it.