As noted in the explanatory note to the project, taking into account the funds required for the payment of pensions after their recalculation in December this year due to the increase in the subsistence level and the minimum wage, the total expenditures of PFCs in 2021 are expected in the amount of UAH 521.2 billion, from which require UAH 509.8 billion for pension payments, which is UAH 4.3 billion more than the planned amount.
The increase in costs is associated, in particular, with the execution of court decisions on the recalculation of pensions assigned in accordance with the laws of Ukraine “On the status and social protection of citizens who have suffered as a result of the Chernobyl disaster”, “On the judicial system and the status of judges”, “On the Prosecutor’s Office”, ” On pension provision for persons dismissed from military service, and some other persons. ” The lack of funds to ensure the implementation of this norm is 3.4 billion hryvnia.
In addition, for persons who have reached the age of 65 years, a minimum old-age pension is established (if men have 35 years old, women have 30 years of insurance experience) in the amount of 40 percent of the minimum wage. The lack of funds to ensure the implementation of this norm is 0.9 billion hryvnia
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