The draft Law "On the State Budget for 2027," prepared by the Ministry of Finance of Ukraine, provides for a significant increase in funding for the Pension Fund. According to RBC-Ukraine, the fund's expenditures for next year are planned at 1 trillion 278.8 billion hryvnias, representing a growth of more than 200 billion hryvnias compared to the current year. The document has already been approved at the Cabinet of Ministers level and is now undergoing parliamentary review.
Pension Fund funding in the 2027 budget draft
A key parameter of the budget draft is the volume of expenditures on the pension system. The figure of 1,278.8 billion hryvnias confirms a steady trend of expanding the state's obligations toward pensioners. At the same time, part of the burden is borne by the state budget: it is from the state budget that the transfer for pension top-ups is formed. This mechanism allows the fund to be compensated for additional social obligations that cannot be covered solely through insurance contributions.
Pension top-ups and overall social payments
The transfer from the state budget for pension top-ups in 2027 will amount to 292.8 billion hryvnias — 41.5 billion hryvnias more than the year before. These top-ups are part of a broader block of social payments and measures of the Ministry of Social Policy, for which the budget draft allocates 540.3 billion hryvnias. Compared to 2026, this figure will rise by 72.6 billion hryvnias, reflecting the overall course toward indexation and the expansion of social support.
Refunds of overpayments and identity verification abroad
In parallel with the increased funding, the Pension Fund reminds pension recipients of their responsibility to update their data in a timely manner. Those who fail to notify the fund in time about changes to their passport data, bank details, or place of employment will have to return the overpaid funds: only 10 days are allowed for notification. Separately, the fund warns that pensioners living abroad may have their payments temporarily suspended if they do not verify their identity through the "Diia" service, video call, or consulate; however, the right to a pension is preserved and is restored after verification.
Additional context: the issue of PFU management liability
The same budget draft, according to open-source information, also discusses a provision that exempts the Pension Fund's management from fines for lost court cases over pension accrual decisions. This clause is drawing separate attention and underscores that the 2027 budget affects not only the volumes of funding but also the mechanisms of liability within the pension system.
Thus, the 2027 budget draft locks in a record level of spending on pensions and social payments, relying on a substantial transfer from the state budget. The final figures will be approved after the document passes through the Verkhovna Rada, so the values may be adjusted until the law is adopted.
