00:00In 2022, Iceland, Luxembourg, and Norway rank at the top with annual payouts exceeding 30,000 euros.
00:08Denmark and Switzerland round out the top five. On the other hand, Italy, France, and Spain pay
00:14out less than 20,000 euros per recipient, allocating 9 to 12 percent of their GDP to it.
00:21As a reminder, maintaining the pension system costs Ukrainian taxpayers about 10 percent of GDP.
00:26In Poland, payouts are around 7,000 euros. In Hungary, 5,000 euros.
00:33The conclusion is obvious. So rich countries pay their pensioners much more.
00:38It is precisely on such a simplified comparison that misleading social media claims about the
00:43genocide and impoverishment of Ukrainian pensioners are often based.
00:47Such a comparison is misleading. You cannot simply compare the size of Ukraine's pay-as-you-go state
00:53pension with the average payout in countries where most pension income comes from occupational
00:57and private savings.
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