Abstract
Pension provision is an element of the pension system that ensures sustainable socio-economic development of the state as a whole. The article discusses the current problems of the pension system in Ukraine, ways to overcome and directions for its improvement. Determination of the further development and reform of the pension system aimed at ensuring the financial stability of the solidarity system. Introduction of the development of the pension system, taking into account the peculiarities of the current situation in the country, ways of reforming social insurance. The compulsory accumulative pension system is considered. Its introduction to retirees for two centuries. The advantages of the funded system, what it is based on, and its main contingent of citizens are analyzed. Principles of pension accrual, pension entitlements, old-age pensions, pension transfer, minimum and maximum pension in the course of reforms. Analyzed, introduced by introducing amendments to some legislative acts of Ukraine regarding the increase in pensions. The demographic state of the population is considered. The article proves that the main strategic directions for improving the pension reform is the introduction of changes in the demography of the population; percentage of ERUs, when calculated for each entrepreneur separately (respectively, from the group of an individual entrepreneur to the type of activity); open your deposit account for the savings system in the public domain; to enable pensioners to work (to improve their knowledge with practitioners, to provide an opportunity to work with modern equipment, programs) to determine the dates for the introduction of the second level and the age category of participants; to establish and improve the work of the organization of pension provision; to show confidence in the reforms of the Pension Fund bodies to the population. Nowadays, constant monitoring of the achievement of the strategic goals of the reform of the pension system and pension provision and the adoption of fundamental decisions to overcome strategic gaps is quite an urgent issue and requires further research.
Highlights
Ukraine's pension system has been operating in its current form since 2004 and formally consists of three levels of pension provision
Vyshnevska, who paid great attention to the analysis of international experience in reforming the pension system [1]. She analyzes the experience of European countries in reforming the pension system in the context of the possibility of its application in the realities of modern Ukraine; considers the pension systems of individual EU countries, which are based on three-tier models, which include a solidarity-distribution scheme with a basic level of pension and accumulative and are combined in different versions; Determines that for all countries of the European Union, one of the most painful issues of pension reform is the issue of retirement age, as it affects the interests of several generations of current and future retirees
The main strategic directions for improving pension reform are the introduction of changes in population demographics; the percentage of SDRs, when accrued for each entrepreneur separately; open your deposit account for the accumulative system in free access; give the opportunity to work to retirees; determine the dates of introduction of the second level and the age category of participants; to establish and increase the work of the pension organization; to show confidence in the reforms of the Pension Fund to the population
Summary
The introduction of an accumulative system will be most useful for those who are currently 30-35 years old Under this system, citizens over the age of 40 will be required to set aside at least 10% of their income. As part of the pension reform, starting from January 1, 2018, the appointment of a pension at the age of 60 requires the presence of insurance experience with current accrual. These changes took place after the entry into force of the 2019 reform, in accordance with Art. 1 part 26 of the Law of Ukraine "On compulsory state insurance" from 01.01.2019 the right to a pension (Table 2)
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