Business news from Ukraine

Ukrainian pensioners who receive payments to a bank account and reside in Spain, Latvia, Lithuania, Estonia, Slovakia, Czech Republic, Bulgaria, Portugal, Poland, must annually until December 31 send to the Pension Fund of Ukraine an officially certified document confirming the individual alive.
According to the website of the Pension Fund of Ukraine, pensioners receiving pension payments through the competent authority of the above states, with which Ukraine has concluded an agreement on the proportional principle, are identified in these bodies.
The report specifies that Ukraine has concluded a number of international treaties on social (pension) security, which regulate, in particular, the procedure for the payment of pensions to citizens who have left for permanent residence abroad. This means that each of the signatory states assigns and pays pensions for the insurance record acquired on its territory. The insurance experience acquired in the territory of another treaty state is taken into account only for determining the right to a pension.
Payment of such pensions is made quarterly by transfer to the personal accounts of pensioners opened in banks of the countries of residence or through the competent authority of the treaty State.
Samples of applications for confirmation of the person’s survivorship are available on the information page of the e-services web portal of the Pension Fund of Ukraine.