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There are only 10 days: why pensioners may be forced to return part of their payments

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Ukrainian pensioners must inform the Pension Fund of Ukraine in case of their employment or dismissal.

This was reported by URA-Inform with reference to the Pension Fund of Ukraine.

The Pension Fund of Ukraine reminded that the citizen must report within 10 days. In the absence of such a report, an extra amount may be paid, which will then be required to be returned to the budget.

This requirement is contained in Part 2 of Article 16 of the Law of Ukraine “On Compulsory State Pension Insurance”. The Pension Fund noted that failure to notify or untimely notification of employment or registration of entrepreneurial activity leads to illegal payments of pension funds, which are subject to mandatory return.

«After reporting their dismissal from work, pensioners acquire the right to additional payments and increases that are only provided for individuals who are not working. For example, unemployed pensioners have their pensions recalculated due to an increase in the subsistence minimum,— the press service of the Pension Fund of Ukraine added.

Thus, the Pension Fund of Ukraine emphasized that pensioners provide information about the date of employment, dismissal, or termination of registration of entrepreneurial activity to the Pension Fund bodies exclusively by submitting an application and documents certifying the relevant information. This refers to an order or instruction on hiring or dismissal from work, a work book with a record of employment or dismissal.

The Pension Fund of Ukraine noted that the application can be submitted online — via the web portal of electronic services of the Pension Fund of Ukraine or by means of the Unified State Web Portal of Electronic Services via “Diyu” using means of a qualified electronic signature.

Information on how to choose the best 5 years for calculating a pension: what to pay attention to will also be useful.

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