Published 25 July 2018. Some rules have changed since; ask us for the current position.
A shortage of money in the Pension Fund of Ukraine (Пенсійний фонд України) has led to a decision to lend it funds from the state treasury.
Tetiana Sliuz, speaking for the agency, said the Pension Fund did not have enough money to pay off pension arrears for July. A meeting was held a few days ago at which the Prime Minister approved a loan to cover the cash gap.
She also stressed that the State Treasury Service owes nothing to the Pension Fund and that responsibility for the delay lies with the Fund itself.
A Pension Fund representative said payment orders are processed every day as soon as money comes in.
In July 2018 pension payments were seriously delayed. This caused widespread confusion, and Pension Fund officials apologised to pensioners and asked them to wait a little longer. The cash gaps and funding shortfall arose from unforeseen circumstances: a delay in receipts of the single social contribution (єдиний соціальний внесок).
Earlier, Ukrposhta confirmed that as of 24 July there was a minor technical delay and pension payments had been postponed. The company added that the delay had nothing to do with budget funds and was caused by a technical fault in the Pension Fund's system. Fund staff say they will fix the fault as quickly as possible and resume pension payments.
Pensioners in Ukraine remain anxious. Many believe the delay was deliberate, since there is no proof that it was a technical failure.
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