As it turned out, senior citizens need to notify the Pension Fund authorities of the fact of being hired or fired within ten days.
This information is stated on the official website of the Pension Fund of Ukraine, reports URA-Inform.
“Failure to inform or late notification of employment (or registration of a business) leads to unlawful payments of pension funds, which must be returned to the Pension Fund,” states the official statement.
According to the press service , after notification of dismissal, pensioners receive the right to additional payments and an increase in pension, provided exclusively for unemployed persons. For example, pensions for non-working pensioners are recalculated due to an increase in the cost of living.
If the Pension Fund discovers that a pensioner is working but did not report it, it will have to return part of the wrongfully received pension. This can be done voluntarily, but in case of refusal, overpaid funds will be forcibly withheld from each pension. In accordance with the law, the entire pension cannot be withdrawn, so up to 20% of each payment can be withheld.
The Pension Fund draws the attention of pensioners registered as entrepreneurs, but not engaged in entrepreneurial activities. Lack of income from business is not a basis for recognizing a pensioner as unemployed. Until information about the termination of business activity is provided, the pensioner is considered to be working.
However, in order to correctly calculate payments, you can use the “Online Interest Calculator” resource. This will be very useful for those who want to engage in proper management of funds in wartime conditions.
Recall that the NBU has updated a number of currency restrictions: what will change for the population and business.