Non-state pension system: position, problems and prospects

Economic Annals-ХХI: Volume 143, Issue 7-8(2), Pages: 44-47

Citation information:
Rad, N. (2014). Non-state pension system: position, problems and prospects. Economic Annals-XXI, 7-8(2), 44-47. https://ea21journal.world/index.php/ea-v143-11/

Nataliya Rad
PhD (Economics),
Vice-chief of General Directorate,
Pension Fund of Ukraine in Donetsk region
6 «В» Flat 24 Avenue 25 years of the RKKA, Donetsk, 83001, Ukraine
NRad2@yandex.ru

Non-state pension system: position, problems and prospects

Abstract. In solving problems of social protection improving of advanced age people, non-state pension insurance is called to play a significant role. By introducing three-pillar pension system, sources of pension assets generating have been diversified. Joint system of obligatory retirement insurance permits to form state pension based at continuous years of insurance and salary (income). Accumulative forms of retirement insurance enable to generate pension-plan assets depending on the wished amount.

Our research focuses on the basic aspects of the non-state pension system efficiency. Data related to the work of non-pension funds, insurance companies and banking institutions were collected, generalized and classified. Analysis of recent studies and generalized indicators enabled us to reveal issues of concern for non-state pension insurance. We point at the small scale of insurance service development and draw our attention to the necessity to aggregate all the types of non-state pension insurance developmental indicators.

Based at theoretical generalizations and using abstract and logic methods, we substantiate the necessity to work out an integrated Index of three-level pension system. We also make proposals concerning improvement approaches to formation impetuses in order to activate voluntary participation in all forms of non-state pension insurance among the citizens. These measures will enable increase functional efficiency of the national pension system for the purposes of the national social-economic development.

Keywords: Pension System/Scheme; Non-State Pension Insurance; Indices; Development

JEL Classification: G20; G22; G23

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Received 28.06.2014