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Date: 6 months ago   Category: Society

The government wants to cancel terms of return of debts of the Pension fund

The ministry of social policy suggests to cancel concrete terms in which the Pension fund has to return loans to treasury. the minister of social policy Andrey Reva made Such decision to

on a meeting of the Government on November 14. The government did not make the final decision, the prime minister Volodymyr Groysman charged to finish it within three days.

As is told in the explanatory note to the draft resolution, cancellation of terms is necessary to provide timely payment of pensions and not to allow debt on pension payments. For this purpose it is necessary to make changes to an order of a covering of temporary cash ruptures of the Pension fund.

the Speech excluding norm on return of loans until the end of the current budget period.
It means that the Pension fund will be able not to repay debts to treasury within a year.

Under the law if the Pension fund does not have enough means for payment of pensions, then such deficit is covered at the expense of means of the state budget.

If there is not enough deficiency of a resource provided on a covering, then the public treasury service allocates to the Pension fund of a loan for a covering of a cash gap on receipts of a uniform social contribution.

Since the beginning 2018 PF accepted loans in treasury for financing of pensions, however in July of this year to these payments there was a considerable delay.
of gogetnews of Anastasius Ivanov 15-11-2018, 18:02 0


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