Movchun S. International experience in the functioning of private pension provision and prospects for its use in Ukraine

The dissertation is devoted to the generalization and assessment of the international experience of pension provision and development on this basis of recommendations on the possibility of its use for the development of private pension provision in Ukraine. The essential features of the models of socially oriented economy as an imperative for the development of pension systems are identified. The dissertation analyzes the causal relationship between socio-economic development and pensions and their impact on the formation of the pension system. The evolution and subject-object characteristics of private pension provision in the general pension system are studied. The in dissertation analyzes the functioning of the domestic private pension system in terms of individual segments, as well as examines the state and features of private pension provision in countries with Anglo-Saxon, continental and Scandinavian models of pension provision. It is determined that the features of these models are different investment portfolio, as well as the combination of private pension plans on the grounds of insurance, occupational pension plans. The tools of ensuring the adequacy of pension systems of the state of socio-economic development for its application in Ukraine are generalized. Possibilities of development of professional non-state pension funds as a source of income of the pension system and long-term investments are revealed. From the standpoint of implementation in domestic practice of such an instrument as the creation of professional private pension funds, the expediency of creating a professional pension fund in the field of education, which will mitigate the existing contradictions in the remuneration of employees in this area. It is worth noting the proposal to better inform participants and beneficiaries of pension schemes by introducing in the EU countries a standard form of pension account statement, which will facilitate the adoption of informed decisions by participants in pension schemes. In the context of large-scale migration of the working population, typical for Ukraine, such introductions will be useful for its citizens. The dissertation presents the prospects of gender mainstreaming in the development of private pension systems in Ukraine taking into account the international practice of its use, namely proposals for gender analysis of financial revenues to PFCs to control the distribution of its finances, given that it is funded by mandatory contributions, insurance contributions and taxes related to economic activity. This also applies to the proposal for a bill that will allow Ukraine to become a participant in the single market of occupational pension services, the main purpose of which is to provide citizens with the opportunity to freely receive pension rights if they move to live or work in another EU country.