Fines for Pensioners: Who Risks Losing Part of Their Pension and Why.

Pensioners may receive fines for violations, leading to reduced payments. This was reported by the Pension Fund of Ukraine.

This month, some pensioners may face reduced pension payments due to fines. This concerns those who did not timely report important changes in their life, such as starting work or quitting.

The Pension Fund warns that if such violations are detected, the pensioner may be obliged to return part of the received money. There are two ways:

• The pensioner returns the excess money on their own.
• The Pension Fund withholds up to 20% from each pension payment until the debt is repaid.

As a result of such withholdings, the pensioner will receive a smaller amount of money.

It's important to note that these fines may apply to pension supplements, which are available only to those who have retired and stopped working.

"Failure to report or untimely reporting of employment (or registration of business activity) leads to illegal pension payments, which must be returned to the PFU authorities," noted the Pension Fund.

We remind you that Ukrainians can receive a pension immediately for half a year.