THE CURRENT STATE OF NON-STATE PENSION PROVISION IN UKRAINE

The article analyzes the current state of non-state pension funds in Ukraine. The author determines the relevance of financial instruments of pension provision in the context of the crisis caused by the Russian invasion and the resulting deterioration of the demographic situation due to migration processes, a decrease in the birth rate, and a reduction in the economically active population, in particular, for the protection of the country. The author emphasizes the critical ratio of payers and pensioners, which is one to one. The state of Ukraine's economy is characterized: a 29.1 percent drop in gross domestic product in 2022, a 26.6 percent increase in consumer prices, and an unemployment rate of 25–26 percent. The stages of formation of the voluntary funded pension system, legal regulation, and the main performance indicators of non-state pension funds for 2021 — the first half of 2023 are systematized and illustrated. The dynamics of the main performance indicators of non-state pension funds in 2022–2023, the structure of pension contracts as of 30.06.2023, the structure of invested pension assets, the dynamics of the structure of invested pension assets for 2022–2023 are formed. The increase in income received from the investment of pension assets for the year by 17.4% is determined. It is characterized that the strategy of non-state pension funds is conservative in comparison with other financial institutions of the capital market. The main directions of investment of non-state pension funds are determined: government securities and funds placed on deposits in the banking sector. It is proved that non-state pension funds provide investment and social functions. The importance of non-state pension funds as important instruments of the financial system of the capital market is concluded. It is determined that if contributions to non-state pension funds are attributed to the costs of the enterprise, this mechanism contributes to increasing the social responsibility of business and improving the quality of life of employees. The scheme of participants of non-state pension provision in Ukraine is illustrated: employers, asset management companies. The role of non-state pension funds in the conditions of martial law and post-war reconstruction of Ukraine in the implementation of the non-state pension system is determined.