Senior citizens are required to inform the pension authority regarding certain changes in their life status or the occurrence of certain circumstances.
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As reported by “NBN” with a link to the official page of the State Pension Fund of Ukraine in the Zakarpattia region, in case of untimely provision of a certain type of information to the department, this state structure has the right to impose fines sanctions.
In particular, pensioners are required to notify the Pension Fund in a timely manner regarding their employment or the start of entrepreneurial activity, for which they are given no more than 10 days. If this deadline is not met, the elderly citizen will be forced to return the entire amount of illegally paid funds, that is, the pension.
In this case, the pensioner is allowed to independently return the “overpaid” money to the Pension Fund, or the department will withhold up to 20 percent of the benefit until such “debt” is fully repaid.
The pension and social department summarized:
Failure to notify or untimely notification of employment/registration of entrepreneurial activity leads to illegal payments of pensions funds subject to mandatory return to the Pension Fund authorities.
Earlier we wrote about the fact that the Ministry of Social Policy revealed the nuances of the new “professional” funded pension system.