Priority directions of improvement of state of pension coverage in Ukraine

Olga Kozmenko,Yaroslava Mospanova

doi:10.21511/imfi.13(3-2).2016.02

Olga Kozmenko, Yaroslava Mospanova

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https://doi.org/10.21511/imfi.13(3-2).2016.02

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Abstract

The article shows peculiarities of functioning of pension fund system in Ukraine and some foreign countries. Analysis and assessment of financial situation of Pension Fund of Ukraine are done. Imbalance of revenues and expenses of budget of Pension Fund of Ukraine is found. Factors are determined which influence on effectiveness of functioning of pension system of Ukraine. Priorities of policy concerning improvement the situation of pension coverage of Ukraine are presented. Keywords: pension coverage, Pension Fund, revenues, expenses, pension payment, pension system, non-state pension coverage. JEL Classification: G2, H3, O1

Highlights

Literature reviewThe research of pension systems, and problems of pension insurance was done by such foreign and native scientists as N. Barr (2004), G
Pension coverage is the main component of state social policy and simultaneously is considered inherent component of social protection and social security system
The provision of social security must be the main priority of the state police and be supported by the corresponding social institutes on the basis of legislative rules

Summary

Literature review

The research of pension systems, and problems of pension insurance was done by such foreign and native scientists as N. Barr (2004), G. The research of pension systems, and problems of pension insurance was done by such foreign and native scientists as N. Kozmenko (2001) et al In their works, they study modern problems of functioning of pension coverage and perspectives of functioning of pension insurance in the country. The directions of reforming the pension coverage system are shown in scientific works by E. Olga Kozmenko, Dr, Professor, Kharkiv National University of Economics, Ukraine. Chepurnyi (2015) et al Significant contribution into solving the problems of pension coverage was made by N. Taking into account international tendencies of development of pension coverage and aspiration of Ukraine to become full member of European community, it is necessary to pay more attention to study of the results of reforming in the sphere of pension coverage in Ukraine

Earlier unsolved aspects of the problem

The main material

Findings

Conclusions and prospects