Combining related functions of funds and informatization of the insurance system will save 2-3 billion hryvnias a year.
The Verkhovna Rada amended the law “On Compulsory State Social Insurance”. According to the document, from January 1, 2023, the Social Insurance Fund of Ukraine will join the Pension Fund of Ukraine.
This is stated in the draft law. №3663 .
It is noted that the Pension Fund of Ukraine will become the authorized governing body in case of temporary disability and accident.
At the same time, all pension and insurance payments, as well as social services that victims of work and their families now receive from the Social Insurance Fund of Ukraine, are preserved.
The law provides that the PFU and its territorial bodies will become the legal successors of the Social Insurance Fund, its executive directorate, departments of the Fund’s executive directorate and their branches.
The authors of the bill are confident that the unification of related functions of funds and informatization of the insurance system will save UAH 2-3 billion a year from insurance funds.
The press service of the Ministry of Social Policy added that the capabilities of the information system of the Pension Fund have already made it possible to introduce an electronic sick leave.
“Further digitalization of processes will reduce the time for the passage of funds and will speed up the receipt of payments and social services in the social insurance system,” the press service concluded.
Combination of two Funds
For the first time, the merger of the Pension Fund of Ukraine and the Social Insurance Fund was discussed in the Cabinet of Ministers in 2020 during the approval of the PFU budget.
Already at the end of 2021, the Verkhovna Rada supported in the first reading amendments to the law on compulsory state social insurance.
On September 21, 2022, the bill was finally adopted. Now it has been transferred to the work of the main committee of the parliament.