Ukraine is already short of contributions to the Pension Fund, so it will be more difficult – Lazebnaya

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Ukraine is already short of contributions to the Pension Fund, so it will be more difficult - Lazebnaya

Ukraine is already short of contributions to the Pension Fund, so it will be more difficult – Lazebnaya

12/05/2020 19:40

Ukrinform

The Minister of Social Policy, Marina Lazebnaya, stressed the need to set up a system financed with achievable contributions which will be paid by the employee and the employer.

The official said this at a meeting on the cumulative pension insurance system, the department’s press service.

“Ukraine is among the top 15 countries in the world with the fastest rate of population decline, according to the UN. In addition, in the coming decades, a decrease in the population will be at the expense of able-bodied people. Over 5 years, the population will decrease by 18%, the ratio between retirees and workers will almost double. Workers’ contributions are still insufficient to provide the standard of living necessary for retirees, and the situation will worsen in the future. In our view, there is no reasonable alternative to introducing the second tier of the pension system. Therefore, we need to introduce a system funded with workable contributions that will be paid by the employee and the employer. In addition, such a system will help to detail employment. Success can only be achieved through close dialogue between the state and workers ‘and employers’ parties, we must find a balance of interests, ”said Lazebnaya.

See also: Indexed pensions have started to be paid in Ukraine

According to her, a full program should be built with a clear algorithm of actions for decent retirement benefits for the citizens of Ukraine.

It should be noted that at the meeting, the parties agreed on the questions of a strategic approach to resolve the problem of increasing the pension / salary ratio in the future by introducing a compulsory capitalization system. .

In addition, we have agreed to work out all the proposals in the working group of the Verkhovna Rada Committee of Ukraine on social policy and protection of the rights of veterans.

According to the materials: ukrinform.ru

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