Over 71 Billion UAH Allocated by Ukraine’s Pension Fund for Social Payments

Economy today, 02:28 43 viewed

today, 02:28 43 viewed

Pension Fund paid out over 71 billion UAH

Пенсійний фонд України виділив понад 71 мільярд гривень на соціальні виплати для підтримки громадян.

Social Benefit Funding as of June 2023

According to Пенсії (RSS): By June 24, 2023, the Pension Fund of Ukraine had disbursed substantial funds for social benefits. A total of 71.9 billion UAH was dedicated to pension payments, distributed as follows:

9.4 billion UAH were transferred via JSC 'Ukrposhta',
62.5 billion UAH through authorized banks.

Additionally, 1.4 billion UAH went toward housing subsidies and allowances, while 3.1 billion UAH covered insurance payouts-of which 1.7 billion UAH was allocated for sick leave compensation. Another 10.6 billion UAH financed social assistance and other payments. During June, Pension Fund offices delivered 1,320,500 services to individuals seeking support.

These figures highlight the Pension Fund’s active role amid economic challenges, particularly in ensuring social safety nets for the population.

Spending on pensions and social benefits is critical for maintaining citizens’ well-being, especially given the current situation in the country. This financial support can help ease social tensions and improve the quality of life for those in need.