Pension Fund ensures full payments of pensions and social benefits

In the 11 months of 2013, the Pension Fund ensured full payments of pensions and benefits in all regions of Ukraine. The total expenditure of the Fund amounted to 228.8 billion USD, which is up 15.5 billion USD, year-on-year. The payments were financially secured by legally defined revenue sources, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

Government experts say in the 11 months of 2013, the revenues of the Pension Fund amounted to 150.1 billion USD, which is up 7.9 billion UAH year-on-year. Also, it is reported that the government appropriated from the state budget 79.1 billion UAH for payment of pensions and benefits, which is on plan for 2013.

Experts also note that on December 2 the Pension Fund began paying out December pensions and on December 9, 7.1 billion UAH was already paid out which meets the payment schedule approved for December 2013.

At the same time, according to Natalia Korolevska, Minister of Social Policy, in the first week of December, pensions for former military were fully financed. According to her, 1,450 billion USD were appropriated for those needs. 

In total, the government plans to pay 25.5 billion USD for social benefits in December. This was announced in early December by Prime Minister Mykola Azarov.