Open AccessTRENDS IN THE DEVELOPMENT OF ACCUMULATIVE PENSION PROVISIONS: INTERNATIONAL AND DOMESTIC DIMENSION
Author(s) -
Валентина Виговська
Publication year - 2020
Publication title -
naukovij vìsnik polìssâ
Language(s) - English
Resource type - Journals
eISSN - 2412-2394
pISSN - 2410-9576
DOI - 10.25140/2410-9576-2020-2(21)-114-120
Subject(s) - pension , modernization theory , order (exchange) , population , underdevelopment , business , disadvantage , pension system , economic growth , political science , economics , finance , sociology , demography , law
Identifying problems and rethinking approaches to the development of an effective pension system in Ukraine is an urgent task that requires a comprehensive analysis of the features of its functioning in Ukraine and the world.The functioning of the domestic pension system is accompanied by many problems, including imbalance in financial flows and a deficit of the Pension Fund of Ukraine, underdevelopment and lack of confidence in the accumulative pension provision on the part of the population. It is important to search for directions of modernization of the domestic pension system and its adaptation to modern conditions of economic development of the state.The formation and development of the domestic pension system are highlighted in the scientific works of such scientists as N. Balaniuk, N. Bakhmach, O. Bobyr, V. Voskoboinikov, O. Kyrylenko, H. Kozak, A. Svyrydovska, V. Prokopenko, N. Tkachenko and others.Research requires the peculiarities of the functioning of the domestic funded component of the pension system and positive experience in the development of such systems in foreign countries.It is necessary to cover the mechanisms of pension provision in Ukraine, to characterize the international experience of such provision in order to determine strategic guidelines for the further improvement of the domestic pension system.In this article, the author describes two main approaches to the formation of the structural structure of pension systems, which have become widespread in world practice, in particular: pay-as-you-go and funded. Their advantages and disadvantage are determined. A comprehensive assessment of the problems of modernization of the domestic pension system is provided. Proposals to activate accumulative pension provision in Ukraine are given.The need for the development and practical implementation of a set of measures aimed at enhancing the development of the funded component of the pension system is pointed out.