Problems of pension development in Ukraine in the context of social protection

The article analyzes the pension system in Ukraine as a component of social protection. The structure of the three-tier pension system is given. The principles of realization of the process of reforming the pension system of Ukraine are determined. Problems of domestic development of pension provision are considered in stages. The first stage (1991-2004) was the period of Ukraine's use of the old norms on pensions, which was characteristic of the command-and-control economy. The second period (2004- 2009) is a period of active discussion and adoption of a number of documents on the construction of a three-tier pension system. 2010-2014 – the third period of significant changes in the mandatory pension insurance. The fourth period – 2014-2018 – the period of introduction of strict restrictions and freezing of pension indexation. The dynamics of expenditures and revenues of the Pension Fund of Ukraine for 2016-2019 is analyzed. It is determined that the main reasons for the increase in arrears of payments to the Pension Fund are: non-payment of obligations on the amount of SDRs by individual entrepreneurs; lack of funds to finance current liabilities of state-owned enterprises to reimburse the amounts of actual costs for the payment and delivery of preferential pensions and debt repayment.