ВИКЛИКИ СУЧАСНОЇ ПЕНСІЙНОЇ РЕФОРМИ

Abstract

The paper examines current challenges of the pension reform. The State should guarantee every citizen an adequate standard of living; take care of both present-day and future pensioners. It is noted that the pension reform in Ukraine, which began in 2003, is moving slowly, especially with regard to non-state pension provision; the introduction of a three-tier system is still far away. The number of pensioners is growing year on year, despite the fact that the requirements for the retirement age and insurance experience are increasing, and the amount of pension payments remains, in most cases, extremely small that they fail to provide not only a decent standard of living, but also in most cases the most necessary human needs. The reform of the domestic pension system, which aims to reduce the deficit of the pension fund of Ukraine and ensure its self-sufficiency, is currently taking place by modernizing the methodology for calculating and paying pensions, introducing modern information technologies for managing the functioning of the pension fund of Ukraine, improving national legislation by bringing it closer to the requirements of the European administrative space. This is what will largely determine the depth of changes made within the framework of the pension reform. In scientific circles, the questions about the characteristics, essence and content of the pension system, as well as the very definition of the concept of “pension reform” are still not sufficiently studied, which is also due to the rapid changes in the external environment of the pension system functioning. The article analyzes the current state of the pension system of Ukraine, reveals the essence of the pension reform, and studies the relationship and impact of the financial crisis on the pension system. The prospects for the development of the pension system, the importance of the funded system and the system of non-state pension insurance are substantiated and proved, the main innovations of the pension system, advantages and disadvantages of the pension reform are identified. The analysis of the level of pension provision in Ukraine in comparison with other countries is carried out and the problems of implementing the funded system and the system of non-state pension provision in Ukraine are identified.