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Conditions of Pension System Reforming in Ukraine

Author

Listed:
  • Volodymyr Rudyk

    (Podolsky State Agrarian Technical University, Kamenets-Podolsk, Ukraine)

  • Valentyn Oleksiyko

    (Podolsky State Agrarian Technical University, Kamenets-Podolsk, Ukraine)

Abstract

The course of reforming the pension system in Ukraine was determined even more than 10 years ago but nowadays the pension reform still remains one of strategic priorities of the national policy. The article is concerned with critical assessment of reforming the national pension system and priorities for its further improvement. It underlines current tendencies in relation to pension protection and reviews main characteristics of pension systems in different counties of the world. It systematizes factors, which have an adverse effect on operation of the pension system in Ukraine. It discloses age structure of Ukrainian population and correlation between the gainfully occupied population and people of retirement age. It analyses key figures representative of pension system status in Ukraine throughout 2010-2015. It substantiates key aspects of implementation of defined contribution pension system and areas of further improvement of the pension protection in Ukraine. It is found that pension protection issues to be solved require a comprehensive approach to adjustment of the rates and parameters of the pension reform with the rate of economic development of the country.

Suggested Citation

  • Volodymyr Rudyk & Valentyn Oleksiyko, 2016. "Conditions of Pension System Reforming in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 106-113, December.
    • Handle: RePEc:iaf:journl:y:2016:i:4:p:106-113
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    File URL: http://www.afj.org.ua/pdf/434-stan-reformuvannya-pensiynoi-sistemi-v-ukraini.pdf
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    References listed on IDEAS

    as
    1. Inha Miroshnychenko, 2012. "Current Problems of Retirement Benefit Scheme: Foreign Experience and Home Realities," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 45-49, December.
    2. Viktor Synchak, 2012. "Development of Simplified Tax System in the Context of Small Business State Support and Stimulation of Employment," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 50-58, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    pension system; pensions; social insurance; pension fund; pension reform;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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