Pension reform continues in our country, and one of its next steps should be the introduction of a mandatory “second pension” – a funded one.
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This is provided for in the Government's Action Program, Agronews writes.
According to him, a number of steps for implementing the reform are planned for 2025. In particular:
Until September 30 .
Submission to the Verkhovna Rada of draft laws on the payment of pensions (as well as monthly lifetime allowances to retired judges) accrued for the execution of court decisions.
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Until December 31.
Submission to the Verkhovna Rada of a draft law on funded pension provision. In addition, draft laws on improving the mechanism for calculating pensions and accounting for pension rights, as well as on professional pension programs.
At the same time, it is emphasized that by the end of 2026, the mechanisms for calculating pensions should be improved. Since currently “for 5 million people, the pension is not less than 4,000 UAH.”
Currently, in Ukraine, the funded system is planned as a supplement to the solidarity system, not a complete replacement. Conventionally, a person will receive two pensions – one from their own savings, the other from the taxes of employees.
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That is, part of the salary will be deducted from the individual pension account in the state fund. These funds will be invested, and when a person reaches retirement age, he will receive money – either in the form of regular payments or in a lump sum. Moreover, since such deductions will be mandatory, the state will guarantee their preservation and increase.
The money collected in savings funds is planned to be invested in the economy – government bonds, securities of Ukrainian companies, etc. On the one hand, this should protect contributions from inflation, and on the other – create an internal long-term resource for economic development.
As a reminder, the Ministry of Social Policy previously admitted that it is not yet possible to launch a full-fledged pension reform. The reason is the inability to find a financial instrument to preserve pension savings in the event of the introduction of a funded pension system in Ukraine.
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