MARKET OF FINANCIAL SERVICES

MORTIKOV Vitalii

Gains and losses as a result of functioning of the state pension insurance system

The socio-economic problems of winners and losers as a result of functioning of the state social pension insurance system are analyzed. The positions of employers, employees, retired, those who are near retirement age, socially vulnerable groups are at the center of attention. The differentiation between direct and indirect interests in pension insurance is made. The article discusses the latest changes in pension legislation in Ukraine: introduction of the limitations on maximum pension payment, increase in the retirement age, and reduction of the replacement rate. The impact of these changes on well-being of different social groups is considered. The article shows how realization of the principles of social justice and charity influences on the interests of the pension insurance participants. The role of public debt as a factor of distribution of gains and losses among social insurance participants is analyzed. It is underlined the need in improved methodology of pension payments ’ recalculation in order to eliminate unjustified differences in pension benefits among those who retired at different time. The importance of determining the maximum and the minimum unified social tax in distribution of gains/losses is emphasized

Keywords: state pension insurance, gains and losses of the participants of social pension insurance, principles of state social insurance, financing of state social insurance.

JEL: H50, H55

MORTIKOV V. . Gains and losses as a result of functioning of the state pension insurance system / V. . MORTIKOV // Фінанси України. - 2014. - № 6. - C. 40-48.