Pension system: what it is and when it will introduce

Now in Ukraine, the ongoing pension reform, the appropriate changes for implementation of the recently adopted by the Verkhovna Rada in the first reading. Since October 1 of this year to 5.6 million pensioners needs to modernize, that is, to increase pension of 200-1000 UAH. And roughly four years will begin to enter the second level of the pension system is funded.

“We objectively assess the economic situation, and I hope that the introduction of the second pillar of the pension system, it is possible to start in 2021. In 2021-m compares the retirement age for men and women. According to our forecasts, by that time, the average salary should grow to 11 thousand hryvnia. And under favorable conditions, possibly more. That is, hopefully, we have all the prerequisites for the introduction of the funded pillar of pension provision,” said Minister of social policy Andrei Reva.

Note that now in Ukraine there is the solidarity system contributions in all the necessary funds committed by the employer. And funded – each person pays for himself from his salary.

Earlier it was reported that in 2021 Ukraine will begin the indexation of pensions in line with inflation. So want pensions were the same, especially those who retired early, and the growth of payments was frozen. Until 2021, the indexing plan to spend automatically for an amount not less than 50% of inflation and 50% of the average wage.

Videoproviders sent to the Parliament a draft pension reform

TSN. Pdsmi day

22 Jun, 19:57