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Donetsk authorities continue paying to Ukraine’s Pension Fund

November 01, 2014, 13:52 UTC+3 DONETSK
“For example, in October only we transferred to Ukraine’s Pension Fund 300 million hryvnias,” said head of Donetsk’s administration Igor Martynov
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DONETSK, November 1. /TASS/. Donetsk authorities continue transferring money to Ukraine’s Pension Fund - in October they transferred 300 million hryvnias ($23.1 million), head of Donetsk’s administration Igor Martynov told TASS on Saturday.

The self-proclaimed Donetsk People’s Republic “as yet does not have its financial system, a bank” or a mechanism of paying out subsidies, and the treasury account, to where payments are made and from which pensions are paid out, is registered in Kiev (Ukraine’s capital city).

“For example, in October only we transferred to Ukraine’s Pension Fund 300 million hryvnias,” he said.

At the same time, he continued, Ukraine’s overdue payments of pensions over past four months have reached 1.5 billion hryvnias ($120 million).

“We are helping out people as much as we can. We have begun paying out subsidies to the disabled and to WWII veterans - the total of over 30,000 people,” the official said.

Donetsk will be able to live through the coming winter; the city’s infrastructures will be able to cope with the task, he added.

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