The Pension Fund will be obliged to correct errors that caused Ukrainians to lose pensions
A bill No. 15322 "On Amendments to Article 44 of the Law of Ukraine 'On Compulsory State Pension Insurance' regarding ensuring the realization by the Pension Fund bodies of a person's right to receive a pension in case the bank returns funds due to incorrect recipient details" has been registered in the Verkhovna Rada.
The document aims to regulate situations when pension payments transferred through banks are returned to the Pension Fund due to errors in the recipient's account details. It is noted that current legislation does not establish a direct obligation for the Pension Fund bodies to ensure the further realization of a person's right to receive a pension after the bank returns funds due to incorrect details.
In the explanatory note, the bill's author refers to the legal position of the Supreme Court, set out in the ruling dated December 8, 2025, in case No. 420/13975/24, according to which the return of funds by the bank does not release the Pension Fund body from the obligation to ensure the person’s ability to receive their due pension.
Verification of details before pension payment
The bill proposes to supplement Article 44 of the Law of Ukraine "On Compulsory State Pension Insurance" with new provisions regarding the consideration of applications for pension payment to a bank account.
It is envisaged that upon submission of such an application, the territorial body of the Pension Fund, its authorized body, or authorized person must verify the correctness of the application and documents, analyze the details, including the bank account, check the compliance of the submitted documents with legislative requirements, request additional information if discrepancies or deficiencies are found, and make a reasoned decision based on the review results.
Actions of the Pension Fund after the bank returns funds
The key innovation of the bill is to establish the obligation of the Pension Fund to ensure the further realization of a person's right to receive a pension if the bank returned funds due to incorrect account details.
In such cases, the territorial body of the Pension Fund, its authorized body, or authorized person must take measures to notify the person about the incorrect details and ensure the further realization of their right to receive the pension.
Thus, the return of funds by the bank will no longer be considered merely a technical reason for non-payment of the pension but will require active actions from the Pension Fund bodies to restore the payment procedure.
If a bank account is not provided
The bill separately regulates situations when the insured person has not provided bank account details.
In such cases, the territorial body of the Pension Fund, its authorized body, or authorized person must ensure the payment of the pension in cash or preserve the accrued but unpaid pension.
Thus, the new bill is effectively aimed at eliminating a gap in legal regulation when the return of pension funds by the bank due to erroneous details leaves the further course of action of the Pension Fund bodies undefined.
The proposed changes are intended to establish an active role for the Pension Fund in ensuring the realization of a person's right to pension provision and to codify approaches formed by judicial practice at the legislative level. At the same time, the practical implementation of the new norms will require proper organization of the mechanism for verifying details, prompt informing of pensioners about detected errors, and determining the procedure for preserving accrued but unpaid pension funds.
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