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Journal: University Economic Bulletin (Vol.0, No. 52)

Publication Date:

Authors : ; ;

Page : 135-146

Keywords : pension provision models; solidarity system; Pension Fund of Ukraine (PFU); pension provision; replacement coefficient; single social contribution (SSC); human social security;

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Relevance of the research topic. Various social cataclysms of the twentieth century and recent decades, such as the two world wars, the hybrid wars, the spread of the COVID-19 pandemic, have led to the emergence of the concept of "social security" in the twentieth century. The latter, given the socialization of all spheres of human life, plays a key role in the entire national security system. In a democratic society, the interests of social security of the individual and the state as a whole must be reconciled and harmoniously balanced. In the legal field of Ukraine there is no official definition of the category "social security", and the term "social security" has recently entered into scientific and political circulation. The object of the study is the level of pension provision as a guarantee of social security of the person, and the subject is practical aspects of pension provision from the first level of the pension system in Ukraine, the Pension Fund of Ukraine and the issue of its imbalance. The objective of the article is to assess the financial capacity of the solidarity pension system as a guarantee of social security of the person by analyzing the structure of sources of financing of the Pension Fund and the amount of expenditures for pension provision from the state budget. Method and methodology of the study. Statistical, comparative and system methods are used in the study to develop statistical data of PFCs. The results of analysis in the form of tables and graphs were executed by means of graphical and tabular methods and generalization of data. The structural-functional method is used to detect the impact of PFU revenues on expenditure volumes. Field of application of results. The obtained conclusions and results can be used for development and implementation of practical measures to improve the pension system, in the scientific field, in the educational process of higher education institutions in training specialists in major 8.18010014 "Management of financial and economic security", in the social component of economic state security, in particular, social security. The practical relevance of scientific results will contribute to achieving a higher level of social protection, meeting the needs of people who have reached the retirement age. Conclusions. Today, the welfare of almost one-third of the population of Ukraine depends on the financial capacity of the pension system. Funding for pension provision should be directed at achieving the main goal – realization of constitutional rights of all citizens to receive financial support in case of loss of the operator, disability, disability, disability, disability, old age and other cases established by the legislation [11]. In Ukraine, for almost 20 years, they are trying to implement pension reform, but effective and effective results have not yet been achieved. The current state of the solidarity system of pension provision is characterized by the "fear" of the population of the retirement age and chronic deficit of the Pension Fund. This is evidence of low social security for people of retirement age, according to international estimates of poverty, at which the cost of daily consumption is set at $ 5 (up to UAH 4,300 per month). That is, 85.4% of Ukrainian pensioners as of January 1, 2021 received a pension in the amount lower or at the level of this limit (up to UAH 5,000). The annexation of Crimea, the fighting in the East and almost 2 million IDPs, Russia's large-scale war against Ukraine, which began on February 24, 2022, gave rise to the concept of "sudden poverty".

Last modified: 2022-05-28 19:06:40