BUSINESS INFORM №8-2014

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Section: Labour economics and social policy
UDC 368.914.2
Rad N. S.
Pension System and Social Standards: Socialization or Pragmatism (p. 139 - 143)
The aim of the article is to analyze certain aspects of the functioning of the national system of pension insurance in the context of the social standards of the modern development of the society. Analysis, systematization and generalization of the results of scientists’ research and analysis led to the conclusion of the incomplete implementation of the mechanism inherent in the private pension insurance capacity for improving the level of social security rights. The study showed the absence of a clearly defined vision to the corresponding modern social development social standard, integrated social standard, including the components of three types of pension insurance. The necessity of bringing in the methodological and regulatory compliance of conceptual orientation of social protection (for the eradication of poverty) to the fundamental principles of modern development was grounded. The development and implementation of social standards that define an adequate level of quality of life of the pensioner were suggested. The development of a comprehensive and aggregated standard of social pension insurance was recommended, which would take into account three components (jointly and severally, funded and non-government) and give a better description of its development. Implementation of these proposals will enhance the development of pension insurance, increase the level of social protection of pensioners in the context of further socio-economic development of society. Prospects for further research in this area are to develop a holistic concept of the pension system and harmonization of its functioning in the social environment.
Keywords: pension system, social standard, poverty, a sufficient level, development
Fig.: 1. Tabl.: 2. Bibl.: 15.

Rad Nataliya S. – Candidate of Sciences (Economics), Deputy Head of the Department, General Directorate of Pension Fund of Ukraine in Donetsk region (91 Unіversytetska Str., Donetsk, 83073, Ukraine)
Email: [email protected]

Article is written in English
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Reference to this article:
Rad, Nataliya S. (2014) “Pension System and Social Standards: Socialization or Pragmatism.” Business Inform 8:139–143.

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