Pension glossary
insurance record, coefficients, indexation, special record, documents
Pension glossary
Insurance record:
Period of SSC payment; pension at 60 requires 30+ years (increasing yearly).
Service coefficient:
Each year ≈ 1% of earnings; formula: W × Kw × Ks.
Earnings coefficient:
Your salary / national average for the same months.
Subsistence minimum:
Base for minimum pensions and supplements; revised by the budget.
Indexation:
Annual pension increase (from March 1) for inflation and wage growth.
Excess-service bonus:
Each year beyond the norm — 1% of the minimum pension.
Special record:
Hazardous work record (Lists No.1, No.2) — gives preferential pension rights.
Electronic work record:
Service data since 2004 — in PFU's insured persons register, available in e-cabinet.
Pension certificate:
Pension award document; paper or electronic in Diia.
OK-5/OK-7 certificates:
Service and salary certificates before 2000 — when register data is missing.