Retiring 5 Years Earlier: Ukrainians Warned of 30% Loss of Benefits

According to hvylya.net: The First Deputy Minister of Social Policy of Ukraine, Daria Marchak, explained that a multilayered pension system akin to the European model is needed. She emphasized that the solidarity system has numerous inefficiencies and confuses pensioners with various allowances.

The pension reform in Ukraine is delayed due to complex discussions in the government regarding the parameters of the future system. Draft laws on the reform of solidarity and funded pension systems have been submitted for consideration by the Cabinet of Ministers, but Parliament has not yet reviewed them.

A Constraining Factor is Special Pension Regimes

The Deputy Minister emphasized that one of the key constraining factors is the issue of special pension regimes. It is important for Ukraine to implement a multilayered pension system that will take into account various sources of pension provision formation.

Important Advice for Future Pensioners

Daria Marchak noted that it is important to understand how current actions affect future pensions. She pointed out that extending the working period can significantly impact the size of the pension. She also drew attention to the opportunities for accumulation through private pension funds.

The pension system in Ukraine requires radical changes, as discussions on reform continue and draft laws have not yet been reviewed by Parliament. The Deputy Minister of Social Policy emphasizes the importance of creating a multilayered pension system that will take into account special pension regimes and allowances, which will help improve pension provision in the future.