Who stands still will never move forward

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Therefore, by performing basic arithmetic operations, one can understand how beneficial such a step was for society and how much public funds it saved.

Secondly, such an accumulation of functions through the use of the Fund's IT system made it possible to ensure the digitalization of the relevant payments, which minimized the likelihood of errors, accelerated information processing, and prevented the loss of data of citizens who have grounds to receive payments.

Let us note another undeniable advantage: thanks to centralized financing, the time for funds to special database reach recipients of housing subsidies and benefits has been reduced. Let me remind you that in social protection bodies this process was decentralized and financing was carried out locally.

In addition, the centralized financing procedure has allowed the employer to reduce the period for receiving insurance funds for sick leave payments from 10 days, as was previously the case, to 3 days. At the same time, such payments are largely financed by the Pension Fund of Ukraine on a day-to-day basis.

Developments

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The Pension Fund of Ukraine, understanding that the future lies in digital technologies, sees this area as a key tool for optimizing the provision of services to citizens.