“The solidarity pension system covers up to 40% of the average earnings of a person during life.”, – WRITE: www.unian.ua
The solidarity pension system covers up to 40% of the average earnings of a person during life.
Zholnovich noted that every person’s average life earnings are first less / UNIAN collage, UNIAN photo, screenshotThe combination of three pension levels can allow in the future to receive a pension of 80% of the average earnings for life.
The Minister of Social Policy Oksana Zholnovich told this in the Podcast of the Center for Economic Strategy.
She said that every Ukrainian can count his future pension as of the Pension Calculator Service, and the numbers in the current solidarity system may not look very encouraging.
“But today we design as a project when there are several components: both solidarity pension system, which should cover 40% of my life earnings, and a cumulative pension system, which gives a minimum of 20%, and if voluntarily, in many cases it is 80% of earnings,” she said.
Zholnovich noted that the average life of each person is at first, but by the mature age, people already earn more. This allows you to talk about more guarantees that can be provided to pensioners.
“Contributions to the solidarity system are played by several roles: the first is the maintenance of our parents and grandparents, those people who have invested in our economy, our lives and upbringing, and today we expect that we will support them as a society in old age,” the minister said.
The second component, she said, involves the formation of pension rights through their own contribution and insurance experience in order for future generations to understand the same way in which way to support pensioners.
Pension System Reform – Last News In Ukraine, discussions have been undergoing a compulsory accumulative pension in addition to the current solidarity system. The First Deputy Minister of Social Policy Darya Marchak stated that the introduction of a cumulative pension system may begin from next year.
Canada recently proposed assistance in the reform of the pension system of Ukraine. Canada Finance Minister Franço-Philip Shampan said that Azom with the Minister of Finance of Ukraine, Serhiy Marchenko, met with representatives of a number of pension funds and important investors for discussions in order to share her advanced experience in building a pension system in Ukraine.
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