Pension provision as the main component of social guarantees of society development

Tetyana Stetsyuk


Introduction. The quality of life of the population largely depends on the pension provision of citizens of retirement age and confidence in the future of working people. Pension provision in Ukraine is carried out in conditions of constant financial overstrain and instability. Instability in society requires a certain stability, income differentiation necessitates their fair redistribution. In Ukraine, as in many countries around the world, pensions are an important component of the social protection system, whose task is to support the material well-being of citizens and their families in the event of retirement for various reasons specified by law.

However, these issues need constant further research, because pensions are an important component of social guarantees for the development of society.

Goal. To characterize and systematize the structure of pension provision by studying the principles of pension provision formation as an important component of social guarantees of society and determining the directions of its improvement.

Method (methodology). The author used the abstract-logical method and the method of observation to form theoretical positions and conclusions; structural method, method of comparison for the analysis of pension provision and its development.

Results. The article considers pension provision as a component of social guarantees of society development. The dynamics of the ratio of the number of employed population to the number of pensioners is calculated; the dynamics of the number of pensioners by types of pensions in Ukraine is analyzed; the analysis of dynamics of the average size of pension on kinds of maintenance is carried out; the comparison of the average size of pension in national and foreign currency is made taking into account the size of a subsistence level; It is determined that the dynamics of wages is extremely important for balancing the pension system and ensuring current payments.


pension provision; pension; subsistence level; solidarity system; storage system; private pension provision

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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