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Pension Fund Of Ukraine
The Pension Fund of Ukraine is a central executive body that manages a solidarity system of compulsory state pension provision, collects, accumulates and records insurance premiums, allocates pensions and prepares documents for their payment, provides timely and full financing and payment pensions, burial assistance and other social benefits. Legislative status According to the law, all pension payments are made from the Pension Fund of Ukraine. The Pension Fund of Ukraine monitors the target use of funds that go to payouts. The Pension Fund of Ukraine shall, in accordance with the established procedure, submit proposals to the Ministry of Labor and Social Policy of Ukraine on the issues of formation of the state pension policy and control the implementation of official legislative acts. Activities of the Pension Fund of Ukraine are subordinated and coordinated by the Cabinet of Ministers of Ukraine through the Ministry of Social Policy of Ukraine. Pension reform The implemen ...
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Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension funds suppor ...
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Sevastopol
Sevastopol (; uk, Севасто́поль, Sevastópolʹ, ; gkm, Σεβαστούπολις, Sevastoúpolis, ; crh, Акъя́р, Aqyár, ), sometimes written Sebastopol, is the largest city in Crimea, and a major port on the Black Sea. Due to its strategic location and the navigability of the city's harbours, Sevastopol has been an important port and naval base throughout its history. Since the city's founding in 1783 it has been a major base for Russia's Black Sea Fleet, and it was previously a closed city during the Cold War. The total administrative area is and includes a significant amount of rural land. The urban population, largely concentrated around Sevastopol Bay, is 479,394, and the total population is 547,820. Sevastopol, along with the rest of Crimea, is internationally recognised as part of Ukraine, and under the Ukrainian legal framework, it is administratively one of two cities with special status (the other being Kyiv). However, it has been occupied b ...
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Pensions In Ukraine
Pensions in Ukraine provide income for retirees in Ukraine. They are provided pursuant to the Law of Ukraine on Compulsory State Pension Insurance (statements of the Ukrainian Supreme Council, 2003, No. 49-51, art. 376) that specifies a three-tiered pension provision system.Ukraine: Pension system profile
International Organisation of Pension Supervisors (December 2009)
Ukraine (Social Security Programs Throughout the World: Europe, 2014)
Social Security Administration (2014)


System

Ukraine's pension operates with three tiers:

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Pension
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ...
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Verkhovna Rada
The Verkhovna Rada of Ukraine ( uk, Верхо́вна Ра́да Украї́ни, translit=, Verkhovna Rada Ukrainy, translation=Supreme Council of Ukraine, Ukrainian abbreviation ''ВРУ''), often simply Verkhovna Rada or just Rada, is the Wikt:Unicameralism, unicameral parliament of Ukraine. The Verkhovna Rada is composed of 450 Deputy (legislator), deputies, who are presided over by a Chairman of the Verkhovna Rada, chairman (speaker). The Verkhovna Rada meets in the Verkhovna Rada building in Ukraine's capital Kyiv. The deputies elected in the 21 July 2019 Ukrainian parliamentary election were inaugurated on 29 August 2019. The Verkhovna Rada developed out of the systems of the republican representative body known in the Soviet Union as Supreme Soviet (Supreme Council) that was first established 26 June 1938 as a type of legislature of the Ukrainian Soviet Socialist Republic, Ukrainian SSR after the dissolution of the All-Ukrainian Congress of Soviets, Congress of Soviet ...
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Khmelnytskyi Oblast
Khmelnytskyi Oblast ( uk, Хмельни́цька о́бласть, translit=Khmelnytska oblast; also referred to as Khmelnychchyna — uk, Хмельни́ччина) is an oblast (province) of western Ukraine covering portions of the historical regions of western Podolia and southern Volhynia. The administrative center of the oblast is the city of Khmelnytskyi. The current estimated population is around . Created in 1937 out of border okrugs of Vinnytsia Oblast, in 1941–44 it was under Nazi Germany occupation and part of the Reichskommissariat Ukraine (Wolhynien und Podolien general district). Following the Kamenets-Podolsky pocket in spring of 1944 as part of the Proskurov-Chernovtsy operation, Soviet troops removed the German occupation in the region. Until 4 February 1954 it was called Kamianets-Podilsky Oblast () and was centered in Kamianets-Podilsky until 1941. The region rebranding took place after the official renaming of the region's administrative center to K ...
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Kharkiv Oblast
Kharkiv Oblast ( uk, Харківська́ о́бласть, translit=Kharkivska oblast), also referred to as Kharkivshchyna ( uk, Ха́рківщина), is an oblast (province) of eastern Ukraine. The oblast borders Russia to the north, Luhansk Oblast to the east, Donetsk Oblast to the south-east, Dnipropetrovsk Oblast to the south-west, Poltava Oblast to the west and Sumy Oblast to the north-west. The area of the oblast is 31,400 km², corresponding to 5.2% of the total territory of Ukraine. The oblast is the third most populous province of Ukraine, with a population of 2,633,834 in 2021, more than half (1.43 million) of whom live in the city of Kharkiv, the oblast's administrative center. While the Russian language is primarily spoken in the cities of Kharkiv oblast, elsewhere in the oblast most inhabitants speak Ukrainian. Geography The oblast borders Russia (Belgorod Oblast) to the north, Luhansk Oblast to the east, Donetsk Oblast to the south-east, Dnipropetrovsk Obl ...
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Poltava Oblast
Poltava Oblast ( uk, Полта́вська о́бласть, translit=Poltavska oblast; also referred to as Poltavshchyna – uk, Полта́вщина, literally 'Poltava Country') is an oblast (province) of central Ukraine. The administrative center of the oblast is the city of Poltava. Most of its territory is part of the historic Cossack Hetmanate (its southern regions: Poltava, Myrhorod, Lubny, and Hadiach). Population: Two other important cities there are Horishni Plavni and Kremenchuk. History During the 2022 Russian Invasion of Ukraine, the town of Myrhorod was bombed. However as of April 2022, there has been no ground fighting and the province remains completely under Ukrainian control. Geography Poltava Oblast is situated in the central part of Ukraine. Located on the left bank of Dnieper, Poltava region was part of the Cossack Hetmanate. It has an area of 28,800 km2. The oblast borders upon Chernihiv, Sumy, Kharkiv, Dnipropetrovsk, Kirovohrad, Cherkasy and K ...
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Mykolaiv Oblast
Mykolaiv Oblast ( uk, Микола́ївська о́бласть, translit=Mykoláyivsʹka óblastʹ, ), also referred to as Mykolaivshchyna ( uk, Микола́ївщина, Mykoláivshchyna, ) is an oblast (province) of Ukraine. The administrative center of the oblast is the city of Mykolaiv. At the most recent estimate, the population of the oblast stood at . History During the 2022 Russian invasion of Ukraine, the Russian army invaded the province from Kherson Oblast, attacking as far northwest as Voznesensk. However, at Voznesensk, the Russian forces were repulsed, and the attempt to take Mykolaiv also ended in failure. From April 2022, almost all of the province was under Ukrainian control, apart from the extreme south-east and the Kinburn peninsula. When Russia annexed Kherson Oblast in September 2022, it incorporated the occupied areas of Mykolaiv Oblast. A Ukrainian military official announced a Russian withdrawal from Mykolaiv Oblast on 10 November 2022. On 4-5 Ju ...
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Zakarpattia Oblast
The Zakarpattia Oblast ( uk, Закарпатська область, Zakarpatska oblast) is an administrative oblast located in western Ukraine, mostly coterminous with the historical region of Carpathian Ruthenia. Its administrative centre is the city of Uzhhorod, Other major cities within the oblast include Mukachevo, Khust, Berehove, and Chop, the last of which is home to railroad transport infrastructure. Zakarpattia Oblast was established on 22 January 1946, after Czechoslovakia gave up its claim to the territory of '' Subcarpathian Ruthenia'' ( cs, Podkarpatská Rus) under a treaty between Czechoslovakia and the Soviet Union. The territory of '' Subcarpathian Ruthenia'' was then taken over by the Soviet Union and became part of the Ukrainian Soviet Socialist Republic. Some scholars say that during the Ukrainian independence referendum held in 1991, Zakarpatska Oblast voters were given a separate option on whether or not they favoured autonomy for the region. Although ...
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Donetsk Oblast
The Donetsk Oblast ( ukr, Донецька область, Donetska oblast, ), also referred to as Donechchyna ( ukr, Донеччина, links=no), is an oblast of eastern Ukraine. It is Ukraine's most populous province, with around 4.1 million residents. Its administrative centre is Donetsk; however, its Regional State Administration has been temporarily relocated to Kramatorsk because of the ongoing Russo-Ukrainian war. Historically, the region has been an important part of the Donbas region. From its creation in 1938 until November 1961, it bore the name ''Stalino Oblast'' as Donetsk was then named "Stalino", in honour of Joseph Stalin. As part of the de-Stalinization process, it was renamed after the Siversky Donets river, the main artery of Eastern Ukraine. Its population is estimated as The oblast is known for its urban sprawl of Donetsk–Makiivka and Horlivka–Yenakiieve and it is often associated with the coal mining industry. The war in Donbas and the subsequen ...
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Dnipropetrovsk Oblast
Dnipropetrovsk Oblast ( uk, Дніпропетро́вська о́бласть, translit=Dnipropetrovska oblast), also referred to as Dnipropetrovshchyna ( uk, Дніпропетро́вщина), is an administrative divisions of Ukraine, oblast (province) of central-eastern Ukraine, the most important industrial region of the country. It was created on February 27, 1932. Dnipropetrovsk Oblast has a population of about approximately 80% of whom live centering on administrative centers: Dnipro, Kryvyi Rih, Kamianske, Nikopol, Ukraine, Nikopol and Pavlohrad. The Dnieper River runs through the oblast. In 2019, the Constitutional Court of Ukraine approved the change of the oblast's name to Sicheslav Oblast ( uk, Січесла́вська о́бласть, translit=Sicheslavska oblast). Geography The Dnipropetrovsk Oblast is located in southeastern Ukraine. The area of the oblast (31,974 km2) comprises about 5.3% of the total area of the country. Its longitude from north to ...
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