IDEAS home Printed from
   My bibliography  Save this article

Status and Problems of Pension Insurance Financial Security in Ukraine


  • Mykhaylo Malovanyy

    () (Uman National University of Horticulture)


One of the most significant types of social security these days is the compulsory state pension insurance. Within the total expenditure of compulsory state social insurance the pension insurance costs increased from 85.5 % in 2001 to 91.18 % in 2011. Given the complicated demographic and economic conditions, the system of compulsory state pension insurance today, from the point of view of finance, is one of the most problematic. The analysis made have constituted significant deficit of financial resources in pension insurance system in Ukraine. It has been found that since 2004, the Pension Fund of Ukraine annually receives significant funds from the State Budget of Ukraine. However, its deficit is growing each year. The main reasons for this are both growing demographic burden and unjustified increase in pension amount that negatively affects financial stability of the Pension Fund due to its disbalance. The state has already exhausted all opportunities to increase revenues for the Pension Fund of Ukraine by increasing insurance fees which are among the highest in Europe and in the world. Thus, the improvement of financial activities of the Pension Fund of Ukraine should be aimed primarily at the development of insurance principles to increase insurance payments and maintain financial stability of the entire system of compulsory state pension insurance.

Suggested Citation

  • Mykhaylo Malovanyy, 2014. "Status and Problems of Pension Insurance Financial Security in Ukraine," Accounting and Finance, Institute of Accounting and Finance, issue 1, pages 89-95, March.
  • Handle: RePEc:iaf:journl:y:2014:i:1:p:89-95

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item


    social insurance; pension insurance; pension fund; pension; budget; insurance fee;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2014:i:1:p:89-95. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.