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Pension Fund paid pensions without taking loans in Jan-April 2016

Pension Fund paid pensions without taking loans in Jan-April 2016Ukraine's Pension Fund in January through April 2016 managed to pay pensions without taking loans from treasury single account, while a year ago the fund borrowed over UAH 17 billion, Board Chairman of the Pension Fund Oleksiy Zarudny has said.

"All pension payments this year are under schedule without any delays… Compared to many other years now the payments are financed without borrowing from the treasury single account," he said at a press conference on Monday.

Read also: Ukraine to reform pension system - van Rooden, Rozenko

He said that the Pension Fund in January through April paid pensions and social aid to 12.2 million pensioners: UAH 71.4 million was spent on pensions.
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