While Ukraine wants to introduce a second pension level – a funded one, the state continues to pay pension benefits to pensioners. Thus, the Pension Fund of Ukraine spent UAH 68.8 billion on payments in August.
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The PFU announced this on its Facebook page, reporting on its work for the last summer month. It should be noted that although there are still a few days left until the end of the month, the fund announced the completion of funding for payments.
This practice is common for the PFU, when pensions are funded a few days before the end of the month and does not mean that the money has run out. It is simply that, according to the practice of the State Treasury of Ukraine, the last 3 working days of each month the department prepares a report and does not make payments, and the necessary payments are made in advance.
Thus, all the money necessary to pay pensions has already been transferred by the State Treasury and the PFU to authorized banks and Ukrposhta, so pensioners with a payment date after August 25 will receive their money on time without any problems.
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Meanwhile, starting October 1 in Ukraine, the amount of social assistance will increase for some categories of pensioners and recipients.
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