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Tuesday, July 26, 2022

“We are preparing all the necessary documents”: the Cabinet of Ministers announced the approximate timing of the launch of the funded pension system

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The Ministry of Social Policy plans to return to the issue of introducing the second pillar of the pension system in Ukraine. This was stated by the newly appointed Minister of Social Policy Oksana Zholnovich on the air of the national telethon.

The minister stressed that in a state of active hostilities it is difficult to launch a funded pension. But the ministry is still preparing all the necessary tools for its launch.

“This is also very painstaking work - the structure, regulatory support, verification of various funds in order to avoid possible fraud. We must protect money, which should become income for people in old age.Zholnovich noted.

According to the official, if the war ends, we can talk about small amounts of savings from 2024.

Recall that the accumulative pension system provides for the deduction of funds to pension funds by the employees themselves or their employers. Unlike the first solidarity level of the pension system, where the transferred contributions are used to pay pensions to current pensioners, the accumulated funds of the second level are the property of the citizens who put them aside.

See also: Officials propose to leave Ukrainians without raising the minimum wage: what is it about

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Source: Fakty

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