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Peculiarities of the Development of Pension Relations in Ukraine under Martial Law
Rudyk O. V.

Rudyk, Oleksandr V. (2024) “Peculiarities of the Development of Pension Relations in Ukraine under Martial Law.” Business Inform 12:200–206.
https://doi.org/10.32983/2222-4459-2024-12-200-206

Section: Labour economics and social policy

Article is written in Ukrainian
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UDC 331.5(477)

Abstract:
The reform of the national pension system in Ukraine has been significantly complicated by the hostilities that are taking place on the territory of our country. They significantly influenced the financial condition of the pension sector, as well as the further development of pension relations between the State and citizens. The aim of the scientific article is to study the state of the pension sphere of Ukraine in the conditions of hostilities on its territory, to analyze the features of the development of pension relations between the main subjects of the domestic pension system and to determine the main ways to improve the pension provision of the population. The article characterizes the pension system of Ukraine before the imposition of martial law, indicates the formation of a three-tier pension model on the model of most European countries. Attention is focused on the challenges and problems that took place in the pension sector until 2022, the peculiarities of the formation of pension relations under martial law are studied, the impact of the ongoing hostilities in Ukraine on the financial condition of the domestic pension system is analyzed. The results of the study showed that the crisis phenomena in the national economy, large-scale migration of citizens abroad, and the unfavorable demographic situation significantly complicated the financing of social and pension programs. An assessment of the sources of financing pension payments indicates that own financial resources have become insufficient, so there is a need to attract funds from international financial organizations. The peculiarities in the formation of pension relations between the State and citizens related to the retirement age and the length of service to date are determined. It is emphasized that, despite the difficult situation in the country, the government is taking measures to further reform the domestic pension system. Among them, it is necessary to highlight the establishment of fair pensions for those pensioners to whom they were assigned relatively long ago, as well as the introduction of a mandatory accumulative component of the pension system.

Keywords: pension relations, pension incomes of citizens, international financial assistance, system of pension provision, funded pension programs, social protection of the population, sources of pension payments.

Fig.: 1. Bibl.: 17.

Rudyk Oleksandr V. – Postgraduate Student, Department of Economics, Entrepreneurship, Trade and Stock Exchange Activities, Podillia State University (12 Shevchenka Str., Kamianets-Podilskyi, Khmelnytskyi region, 32316, Ukraine)
Email: [email protected]

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