The Ukrainian government has proposed some big changes to its pension system that have many people worried. According to a recent analysis of the country’s 2025 budget by Ekonomicheskaya Pravda, a business news site, these changes could result in billions of hryvnia (the local currency) being taken back from pension accounts.

On September 13, the Cabinet of Ministers approved a new bill that has now been sent to the parliament for review. The plan aims to cut social spending by over 10%,...