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Liburkina L. M.

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The Pension Fund of Ukraine and Improvement of Pension Provision
Bulygina A. V., Zagorska D. M.

Bulygina, Anastasiia V., and Zagorska, Daria M. (2020) “The Pension Fund of Ukraine and Improvement of Pension Provision.” Business Inform 7:160–165.
https://doi.org/10.32983/2222-4459-2020-7-160-165

Section: Labour economics and social policy

Article is written in Ukrainian
Downloads/views: 19

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UDC 336.13

Abstract:
Beginning of reforming the system of pension provision in Ukraine started over 15 years ago, but now there are many questions and problems related to the improvement of the Ukrainian system of pension provision. The article is aimed at studying the issues related to the problems and ways of improving the system of pension provision in Ukraine. The current status of Ukrainian pension provision is examined. Advantages and disadvantages of the solidarity system are determined. The inefficiency of using the first pillar of the pension system only is substantiated. Attention is emphasized on the modern system of pension provision to identify a number of problems: increasing the retirement age; deficit of budget funds; complex demographic situation that is reflected in the imbalance between the working population and pensioners; shadow payments to employees etc. Negative consequences of the Ukrainian tendency of aging of the population are defined. The main economic indicators of pension system, such as level of pension payments, wages, coefficient of substitution of these indicators etc. are analyzed. Statistics are analyzed and the dynamics of economic indicators characterizing the status of the Ukrainian pension system during 2017–2019 are outlined. Statistical data on revenues and expenditures of the pension fund of Ukraine is considered. The main problems of Ukrainian pension provision are identified. The necessity and feasibility of development of the accumulation pension system and the system of non-State pension provision are substantiated. The ways to improve pension provision in Ukraine are determined.

Keywords: pension fund of Ukraine, pension provision, pension system, pension insurance system, pension, pension reform, social insurance.

Fig.: 2. Tabl.: 1. Bibl.: 12.

Bulygina Anastasiia V. – Masters Student, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Zagorska Daria M. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Banking and Insurance, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

[Legal Act of Ukraine] (2003). https://zakon.rada.gov.ua/laws/show/1058-15#Text
Derzhavna sluzhba statystyky Ukrainy. http://www.ukrstat.gov.ua
“Statystyka“ [Statistics]. Pensiinyi fond Ukrainy. https://www.pfu.gov.ua/statystyka/
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Myniuk, O. Yu., and Myniuk, D. I. “Pensiina reforma v Ukraini: realii ta vymohy syohodennia“ [Pension Reform in Ukraine: Realities and Requirements of the Present Time]. Yurydychnyi visnyk «Povitriane i kosmichne pravo». 2017. http://ir.nusta.edu.ua/jspui/bitstream/123456789/2481/1/2315_IR.pdf
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Staverska, T. O., and Shevchuk, I. L. “Etapy pensiinoi reformy v Ukraini“ [Stages of Pension Reform in Ukraine]. Ekonomika i suspilstvo. 2017. http://www.economyandsociety.in.ua/journal/13_ukr/204.pdf
Sycheva, K. V. “Formirovaniye strategii razvitiya sistemy pensionnogo strakhovaniya v Ukraine“ [Formation of the Strategy of Development of the Pension Insurance System in Ukraine]. Biznes Inform. 2013. https://www.business-inform.net/export_pdf/business-inform-2013-10_0-pages-239_246.pdf

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