Wednesday, 16 April, 2014,14:59
Русская версия Українська версія for-ua.com English version
ForUm - самое цитируемое Интернет-издание. Главные новости Украины и мира. Home| News| One-line news| Articles| Interview| Gallery| Comments| Forum| Archive| Service| Search| About us
News / 27 January 2014 | 15:27
Funded pension system will be ready in 2014

Funded pension system will be ready in 2014


Ukraine's Minister of Social Policy Natalia Korolevska has instructed the Pension Fund to take during 2014 all required technical steps to prepare for introduction of the second level of the funded pension system, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

"The Pension Fund will manage the funded pension system. Thus, the issue of technical readiness to introduce this level of the pension system must be solved today. And it is your priority job for the near future," Korolevska said at a meeting of the Pension Fund.

She also noted that introduction of the mandatory contribution system is a strategic objective which calls for an appropriate base. In particular, the Pension Fund shall prepare an estimated introduction schedule of the new system, its participation requirements and size of contributions.

Experts say currently new draft legislation is preparing to improve the management of the fund and tighter requirements for protection of pension assets. In this process, one should first consider the need for the best balance of solidarity system after channeling a portion of contributions into a funded system.

The funded system of the mandatory state pension insurance is a system where a portion of the mandatory pension contributions (up to 7% of the employee's salary) will be transferred in the personal accounts. These funds should be invested in the Ukrainian economy, and investment income will increase the size of future pension benefit.

For the record, on July 8, 2011 the Verkhovna Rada of Ukraine approved in its entirety the Law of Ukraine "On measures to ensure legal environment for reforming of pension system."

ForUm
Версия для печати
Speaker meeting heads of diplomatic missions of EU countries
On February 3 in Kyiv, speaker of Ukrainian parliament Volodymyr Rybak held a meeting with heads of diplomatic missions of EU countries, accredited in Ukraine
Rada coordination board sitting
On February 3 in Kyiv, the coordination board of heads of parliamentary factions and committees held a sitting
NBU issuing commemorative coins dedicated to Olympic games
On February 3, the National Bank of Ukraine put into circulation two commemorative coins "XXII winter Olympic games" of value 10 and 2 hryvnias
Azarov saying good-bye to the Cabinet
On January 29, now acting Prime Minister Mykola Azarov and first vice PM Serhiy Arbuzov presided at a sitting of the acting Cabinet
VR holding extraordinary sitting
On January 28 the Verkhovna Rada of Ukraine held an extraordinary sitting
Protesters occupied Ukrainian House
On the night of January 25/26 protesters occupied the  building of the Ukrainian House in Yevropeiska square, previously vacated by law enforcements
09:49 February 6-7, Ukrainian President Viktor Yanukovych pays working visit to the Russian Federation

4 February 2014
14:57 Skier Valentyna Shevchenko will bear Ukrainian flag at the opening of Olympic Games in Sochi
14:15 Rivne Regional Council chairman Yuri Kichatyi voluntarily resigned 

Read all news →
Top    
Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2014
bigmir)net TOP 100