The Cabinet of Ministers of Ukraine has set the coefficient of recalculation of monthly insurance payments incapacitated in an accident at work or occupational disease 1.2 1 March 2018.

According to the decree №1053 of 27 December, to the persons entitled to payments as of 1 January 2018 and the right to recalculate the amounts of monthly insurance payments for the period 1 March 2008 to 1 March 2011, the Bank carried out from 1 January 2018, by determining the amount of the payment with the increased rate of wages, which as of March 1, 2017 was calculated the amount of insurance payments.

The amount of such increase is: 1281,92 UAH – for the persons entitled to the recalculation from 1 March 2008 1 March 2009 1 March 2010 1 March 2011; 826,73 UAH – for the persons entitled to enumeration as of 1 March 2009, 1 March 2010, 1 March 2011; 727,19 UAH – for the persons entitled to enumeration as of 1 March 2010, 1 March 2011; 393,88 UAH – for the persons entitled to enumeration as of 1 March 2011.

When carrying out the allocation from 1 March 2018, the government set a new monthly insurance payments to victims of accidents at work and occupational diseases in which the amounts of monthly insurance payments after the enumeration is less than the minimum wage in terms of 100 per cent disability based on the minimum wage established by law on 1 January 2017, taking into account the degree of disability.

The decree comes into force on 1 January 2018.