Pension Fund Allocates UAH 74.5 Billion for May Payouts

Pension Payment Funding

According to Пенсії (RSS): As of May 28, 2023, Ukraine's Pension Fund has disbursed a total of UAH 74.5 billion for pension payments. In addition, UAH 3.3 billion was allocated for housing subsidies and benefits as part of social support for the population, while insurance payments reached UAH 3.4 billion, including UAH 2.1 billion designated for sick leave compensation. This funding is part of the government's broader efforts to maintain social stability amid ongoing economic pressures.

Furthermore, UAH 10.5 billion was directed toward social assistance and other payments. During May, the Pension Fund provided 1,498,300 services to individuals who approached its offices, highlighting the critical role of social support during this period.

Pension Fund Expenditures

The Pension Fund's expenditures reflect the state's active engagement in supporting the population amid economic challenges and social uncertainty. The substantial sums allocated to pensions, subsidies, and insurance payments underscore the priority of social policy in managing public finances.

These measures are expected to positively impact the well-being of the population and the stability of Ukraine's social system.