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Payment of funds to insured persons: when to notify the PFC?

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Ostapulia Andriy
Ostapulia Andriy
Lawyer
Ukraine / Kyiv

i

Reading time: 6 minutes Total views: 66
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Publication date: 03.06.2024

active and purposeful military lawyer with more than 4 years of experience

Payment of funds to insured persons: when to notify the PFC?


1. Introduction


Payment of funds to insured persons is an important component of social protection in Ukraine. The Pension Fund of Ukraine (PFU) plays a key role in ensuring timely and correct payments of pensions and other social benefits. In this article, we will consider when and how to notify the PFU about the payment of funds to insured persons, as well as what documents are required for this.


2. Legislative regulation


2.1. Basic normative acts
Payment of funds to insured persons is regulated by a number of regulatory acts, including:
Law of Ukraine "On mandatory state pension insurance".
Resolution of the Cabinet of Ministers of Ukraine "On approval of the Procedure for submission and execution of documents for the appointment (recalculation) of pensions".
Instructions and methodical recommendations of the PFU.
2.2. The role of the Pension Fund of Ukraine
The PFU is responsible for the administration of pension payments, social benefits and other payments to insured persons. Timely notification of the PFU about the payment of funds is a mandatory condition for ensuring proper social protection of citizens.


3. When should the PFU be notified?


3.1. When appointing a pension
When assigning a pension to an insured person, it is necessary to inform the PFU about all payments to which he is entitled. This includes the submission of relevant applications and documents confirming the right to a pension (employment book, salary certificates, documents on insurance experience, etc.).
3.2. When changing details for payments
In the event of a change in bank details or the address for receiving a pension, the insured person must immediately notify the PFU of these changes.This is necessary to ensure the continuity and accuracy of payments.
3.3. When the circumstances affecting the amount of payments change
If the insured person's circumstances change, which may affect the amount of payments (for example, retirement due to old age, change of disability group, change of marital status, etc.), he is obliged to notify the PFU.
3.4. Upon return to work or retirement
In the case of returning to work after retirement or when retiring after a long period of work, the insured person must notify the PFU in order to ensure the correct calculation and payment of funds.


4. How to notify PFU?


4.1. Application submission
The insured person or his representative must submit an application to the PFU for relevant changes or assignment of benefits. The application can be submitted personally or through an authorized representative.
4.2. Electronic services
The PFU provides the opportunity to submit applications and documents through electronic services, such as the PFU electronic services web portal. This is especially convenient for citizens who live in remote areas or who have limited ability to visit PFU branches in person.
4.3. Necessary documents
The application must be accompanied by relevant documents that confirm the changes or the right to receive payments. These can be copies of a passport, identification code, work book, medical reports, certificates from the place of work or study, etc.


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