CURRENT STATE AND DIRECTIONS OF INTEGRATION OF UKRAINE’S PENSION SYSTEM INTO THE EUROPEAN AND WORLD PENSION SYSTEM
Authors:   Vinnytsia National Agrarian University, Ukraine, Martseniuk Olena 
Published: July 2022

In Ukraine, the problem of building an effective system of social protection that can respond quickly to modern economic processes, provide citizens with a decent life, guarantee pensions and other social benefits at the level of market realities and state social standards remains one of the important objectives of public policy. The subject of the study is the pension insurance system in Ukraine, the activities of insurance companies in the pension system. The aim of the research is to study the theoretical foundations and practical aspects of pension insurance, the functioning of the Pension Fund of Ukraine and private pension funds, the formation and use of their funds and justify possible ways to improve the pension insurance system in Ukraine. to international standards. In accordance with the set goal, the following tasks were identified: to characterize the theoretical foundations of the functioning and development of pension insurance in Ukraine; to study the experience of reforming the pension systems of foreign countries, to analyze the current state of the pension system in Ukraine; to characterize the problems of development of non-state pension insurance and to develop measures to intensify pension insurance programs taking into account international experience; to determine the directions of integration of the pension system of Ukraine into the European and world pension system. The scientific novelty of the obtained results lies in the substantiation of theoretical and methodological strategic development of the pension insurance system in Ukraine, which allowed to obtain practical and theoretical results that contain scientific novelty, in particular the prospects of its development in modern conditions. The most significant scientific results of the research, which are marked by novelty, are the following: the main positive properties of the accumulative system of state pension insurance are summarized, namely: the ability to strengthen the motivational factors of the population to participate in pension insurance. In this system, there is a much closer link between the contributions made and the pension benefits received than in the solidarity pension system, which makes it possible to weaken paternalistic sentiments in society; the structure of such a mechanism of state regulation of financial support of the pension system is generalized, which includes a set of institutional and technological interconnected blocks, created based on the goals and directions of state management of the pension system; It is substantiated that the further development of private pension provision can reduce the burden on the state pension insurance in the future and supplement it with new pension insurance schemes, which are not available to the population in the mandatory state pension insurance. The intensification of the activity of the system of non-state pension funds and the accumulative pension fund will become a significant source of investment resources in the economy of Ukraine and will contribute to ensuring its financial security. The practical significance of the obtained results is to develop and provide recommendations on the peculiarities of the development of pension insurance and areas of reform.