Conception of the Present-day Pension System as a Result of Transformation Processes in Global Determination

• Main Author: Rad, N.S.
• Format: Article
• Language: English
• Published: Інститут економіки промисловості НАН України 2015
• Series: Економічний вісник Донбасу
• Subjects: Finance
• Online Access: http://dspace.nbuv.gov.ua/handle/123456789/109319

The article deals with some urgent problems related to the development of pension system in Ukraine in the context of global transformation processes. Identified and specified are conditions for it to be improved. It is emphasized that endowment retirement insurance is capable efficiently confront present-day risks and challenges, especially rapid ageing of population. The main forming factors of retirement insurance systems of different countries are analyzed. Based on their analysis it is assumed that problems related to economic and financial sectors grow into global imbalances. The basic features of risk-resistant model of the national pension system are specified. It is observed that the key element of the efficient concept of the national pension system is synthesis of social and economic components in the context of adhering to the principles of social welfare state. The research is based on a system approach using general scientific methods: generalization, pooling, analysis and synthesis. We used abstract-logical method for making conclusions. The lines for improvement of the concept of pension system in the context of the peculiarities of the national cultural and historic development and contemporary trends, risks and challenges of social development are proposed.