Pension Fund Allocates Over UAH 67 Billion for Social Payments

Social Payment Funding in Ukraine

According to Пенсії (RSS): As of May 18, 2023, Ukraine has financed substantial disbursements in the social sector. Pension payments total UAH 51.8 billion, with UAH 8.3 billion distributed through Ukrposhta and UAH 43.5 billion via authorized banks.

Additionally, UAH 3.3 billion was allocated for housing subsidies and benefits, UAH 2.5 billion for insurance payments-including UAH 1.2 billion for sick leave-and UAH 9.6 billion for social assistance and other benefits.

Services of the Pension Fund of Ukraine

In May, the Pension Fund of Ukraine provided 879,800 services to individuals seeking support.

These figures highlight the critical role of social payments in sustaining the population amid economic challenges. The significant financial injections into the social sphere underscore the state's commitment to ensuring social protection for its citizens, especially during difficult times. The scale of payments received by pensioners and vulnerable groups can greatly impact their well-being and the country's overall stability.