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BUSINESS INFORM №11-2014

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27

Section: Labour economics and social policy
UDC 364.35+368.914](477)
Dymnich O. V.
Current State of System of Pension Maintenance of Citizens of Ukraine (p. 159 - 165)

The basic purpose of social pension insurance system is to provide the minimum cost of living level of income for a person's retirement (pension benefits substitute for wages). Such social standards are established to prevent the spread of poverty among the elderly people. Against the background of negative socio-economic processes that evolved in Ukraine for almost a decade, the quality of pension maintenance has deteriorated significantly. When exploring factors affecting the financial state of pension insurance, in the article the distribution of pension resources in society was analyzed; injustice and contrariety to the insurance principles declared in the current system of pension insurance were revealed. The reason for this injustice is grounded by presence of various pension programs with unduly inflated pension benefits, as well as «privileged» retirement age for «superannuated» persons.
Keywords: social protection, pension insurance, Pension Fund of Ukraine, the minimum pension, pension payments
Fig.: 3. Tabl.: 4. Bibl.: 15.

Dymnich Olga V. – Senior Lecturer, Department of Insurance, Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

Article is written in Ukrainan
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Reference to this article:
Dymnich, Olga V. (2014) “Current State of System of Pension Maintenance of Citizens of Ukraine.” Business Inform 11:159–165.


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