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In Ukraine, funded pensions can be introduced in 2020. At the same time, Ukrainians who have turned 50 can reject such an innovation.
The Ministry of Social Policy has prepared corresponding changes to bill No. 2683, which introduces funded pensions in Ukraine, the ministry told LIGA.net.
At the same time, the ministry proposes:
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create special funds for those citizens who could not choose a non-state pension fund (NPF) for mandatory pension savings. Although such a fund will be created by the state, it is expected that its work will not differ from existing NPFs;
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create a “one-stop shop” where each participant in the system can independently choose a fund, transfer accumulated funds from one fund to another, monitor account status, and so on. The “single window” will become a single database with information on all participants in the second level of the accumulation system;
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to finance funded pensions at the expense of a unified social contribution and personal income tax: from each tax the system will receive 2%.
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For pension payments, it is planned to offer three options: lifetime payments, single payment or split for a specified period.
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The Ministry of Social Policy has already submitted proposals to the Verkhovna Rada Committee on social policy and protection of veterans’ rights.
According to the ministry, the announced initiatives had the full support of Prime Minister Denis Shmygal. The head of the Social Policy Commission Galina Tretyakova also demonstrated the willingness of the deputies to approve all the changes.
As OBOZREVATEL reported:
