The Pension Fund of Ukraine explained how voluntary pension contributions will be credited to the insurance experience. It is indicated that the date of payment is not important, but the date the funds are received by the Fund. Ukrainian law provides that 'The amounts of paid insurance contributions are credited for the month in which the funds were received in the account of the Pension Fund of Ukraine.'
If the contribution is paid on the last day of the month and the funds are received by the Fund on the same day, this month will be considered credited to the insurance experience.
In cases where the payment is received by the Fund the next day, this month will not be counted, only the next one will be counted. You can check information about the payment of contributions and their crediting in the personal account on the web portal of the Pension Fund of Ukraine.
Changes to the retirement age for women in Ukraine
Furthermore, it is worth remembering that some women in Ukraine have had their retirement age reduced, however, it is important to timely pay pension contributions to ensure the future.
The explanations from the Pension Fund will help citizens of Ukraine better understand the process of crediting voluntary pension contributions and take advantage of the changes in pension legislation.