Chernenok K. Development of the National Pension System

The object of research is the process of development of the national pension system. The purpose of research is deepening the theoretical and methodological foundations of the national pension system's development, as well as developing scientific and practical recommendations for increasing the effectiveness of this system. Methods of research: general scientific methods (analysis, synthesis, induction, deduction); deterministic method (factor) analysis; method of analysis of hierarchies; methods of socio-economic, statistical-economic and systemic-structural analysis; method of logical analysis, method of formalization, simulation method, method of fuzzy logic conclusion Mamdani-type. New findings: the comprehensive approach to evaluating the effectiveness of the pension system is developed for the first time which takes into consideration the impact of financial-economic, demographic and institutional and legal factors on the distributional and accumulative components of the pension system. The interpretation of socio-economic substance of the term “pension system”, the classification of factors which influence the efficiency of the multilevel pension system, scenarios of Ukraine’s pension system development had improved. Directions of further development of solidarity component and ways of activation functions of accumulative components of pension system in Ukraine had the further development. Practical implementations: results are used in the practice of Pension Fund of Ukraine in the Mykolaiv region; implemented in the activity of “Yuzhnyy Fondovyy Magazyn” and in educational process of Petro Mohyla Black Sea State University.