Why payments on the economic passport will be for those born in 2019, explained in the Office of the President of Ukraine

Photo Ukrinform

Discussions continued in the President’s Office on the year of birth of children who will be paid according to the Ukrainian’s economic passport after reaching the age of 18.

This was announced in the program “Ukraine in fact” on UA ​​TV channel by the adviser to the President of Ukraine on economic issues Oleh Ustenko.

“The discussion on this issue has been tough. For example, I was of the opinion that benefits should be introduced for children born from the beginning of the program, from January 1, 2022. It was thought that from this year. But a compromise-will decision was made, which will take place on January 1, 2019” – Ustenko said.

He explained that the money for the Future Generations Fund will start coming only next year.

“Therefore, 2019 and 2020 will additionally fall on the shoulders of this fund. In addition, the amount of payments is affected by the duration of accruals. It turns out that a child born on January 1, 2022, is exactly 18 years old before receiving his amount. And for those who were born on January 1, 2019, there are less years to accumulate savings on a personal account” – the adviser explained.

President of Ukraine Volodymyr Zelenskyy has submitted a draft law on the Economic Passport to the Verkhovna Rada, which provides for the creation of a Fund for Future Generations.

The fund will be replenished from contributions from the budget received from the payment of rent for the use of subsoil for the extraction of minerals. As well as investment income from the placement and investment of these funds.

The Fund will be paid to Ukrainians born on January 1, 2019, after reaching the age of 18. The money can be used for:

  • study in educational institutions of Ukraine;
  • purchase of own housing on the territory of Ukraine;
  • transfer of funds to your account in the system of private pension provision;
  • treatment.

The first payments will begin in 2036, it is planned that the amount will be about $ 10,000.

Read also: By December 10, the President will submit to the Verkhovna Rada a bill on the economic passport of Ukrainians