This is reported by RBK-Ukraine referencing the draft resolution of the Cabinet of Ministers, published on the website of FPU. This information is also shared by Kontrakty.UA.
According to the explanatory note, the relevant provision is established by the law on the state budget for 2025.
The law stipulates that in 2025, Oschadbank will transfer to the Pension Fund of Ukraine the remaining funds that have accumulated in its accounts for internally displaced persons as of January 1, 2025, for the payment of pensions for which there has been no activity for more than a year, as well as for individuals who have not undergone physical identification within six months.
As reported by Oschadbank, as of October 1, 2023, the total amount of remaining funds in the accounts of internally displaced persons was 15.9 billion hryvnias, of which 10 billion hryvnias were the funds of individuals whose accounts have had no activity for more than a year.
"The prolonged storage of such funds in bank accounts prevents their allocation for fulfilling the functions assigned to the Pension Fund of Ukraine. At the same time, the Pension Fund of Ukraine constantly faces temporary cash gaps related to pension payments and is forced to appeal to the Treasury for loans to cover these cash gaps," the document states.
Procedure for Returning Funds and Restoring Payments
According to the draft, the Pension Fund of Ukraine will send lists of pension recipients who are internally displaced persons to Oschadbank within one month.
The lists will include information about recipients for whom:
- there is information regarding the failure to conduct physical identification within six months from the date when such identification was supposed to take place,
- there is information about the absence of withdrawal transactions, and no physical identification has been conducted for these individuals within six months from the date of obtaining such information.
Oschadbank will transfer funds from the accounts of individuals listed in the lists received from the Pension Fund of Ukraine.
The funds returned by Oschadbank will be used by the Pension Fund of Ukraine to finance pension payments within the solidarity system of mandatory state pension insurance.
A procedure for restoring and distributing funds for pension payments has also been established. The payment of returned sums is made based on an application. The application is submitted by the recipient in person to the PFC or through the PFC web portal or via the Unified State Web Portal of Electronic Services using an electronic signature.
The application can also be submitted to Oschadbank. When the recipient approaches Oschadbank with the application and an identification document, the bank conducts the physical identification of the recipient.
"The payment of funds for pension payments (monthly lifelong cash maintenance) is made to the recipient in a one-time full amount to an account opened in an authorized bank," the resolution states.
It is important to remember that pensioners with IDP status must undergo identification every six months to confirm that the money is being received by the person to whom it is designated.