The Ministry of social policy made a step to improve the pension system
Andriy Reva and Robert bond
Improving the pension system is one of the most urgent challenges facing Ukraine.
The Ministry of social policy and the company “DAI Global LLS” signed a Protocol of cooperation on the Project USAID Mission in Ukraine “the Transformation of the financial sector in Ukraine” (FST).
As informs a press-service of the Ministry, their signatures under the document was signed by Minister of social policy Andrei Reva and the head of the Project USAID “financial sector Transformation” Robert bond.
“The Ministry of social policy on February 16 signed a Protocol on cooperation between the Ministry of social policy of Ukraine and the company “DAI Global LLS” on the Draft USAID Mission in Ukraine “the Transformation of the financial sector in Ukraine” (FST)”, – stated in the message .
As noted in the USAID project FST aims to continue to engage in fiscal matters in the solidarity pension system, to assess the possibility of transition to a mandatory funded pension system, to analyze and support the adoption of new legislation on non-governmental pension provision and the like.
Reva congratulated the participants of the meeting with the signing of the Protocol and stressed that improve the pension system is one of the most urgent challenges facing Ukraine.
The Minister also noted that the government aims to create an equitable system of pension insurance that provides for the expansion of coverage of pension insurance of the employed population, the modernisation of pension provision of servicemen and equitable approach to the calculation and payment of pensions depending on contributions.
“I am confident that the implementation of the FST project will contribute fully to the effective implementation of the pension reform in Ukraine. On behalf of the Ministry and myself, I confirm the interest and willingness in the context of large-scale reforms based on international standards, technical and expert assistance of United States Agency for international development,” said Reva.
The Protocol on cooperation between the Ministry and the company “DAI Global LLS” on the Draft USAID Mission in Ukraine “the Transformation of the financial sector in Ukraine” comes into force from the date of its signing by the parties and is valid till 27 Dec 2020.