Agrarian Economy 2016 T. 9 № 3-4:36-44
Non-state pension funds as one of the backbone component of the pension system in Ukraine
А. Kolodiy, candidate of economic sciences,
Lviv National Agrarian University
ANNOTATION
Modern system of pension insurance and maintenance in Ukraine, which consists of three levels is character-ized. The main features of «pay as you go» system (PAYG) and funded private pensions system are highlighted. Financial management experience in private pension funds around the world are briefly analyzed. The essence and establishment of private pensions are considered. Advantages of private pension funds among other finan-cial market participants Ukraine are observed. The basic indices of performance of private pension funds Ukraine, especially in terms of pension contributions and pension payments are displayed. Directions of im-provement of private pension funds in the future are proposed
KEY WORDS
«Pay As You Go» system (PAYG), the funded system, private pension provision, pension fund, pen-sion contributions, pension payments, pension contracts, pension assets
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