Saturday, June 17 2017 00:19 EEST
Ukraine
President: We need a transparent and professional discussion on the defined contribution pension system
President, Transparent, Professional,  Discussion, Befined, Contribution, Pension

President Petro Poroshenko is confident in the necessity of thorough examination of the introduction of the defined contribution pension system.

“I think we need a transparent and professional discussion on the defined contribution pension system, as well as on the voluntary defined contribution system. We have to analyze the experience of such voluntary pension funds without denying the absolute necessity of implementing this system,” the Head of State noted in the meeting of the National Council of Reforms dedicated to the pension reform.

The President emphasized the necessity of examining the experience of other countries in this issue. He also received appeals of several NGOs to continue working in that direction.

The Head of State added that the given issue must be carefully considered, as there were also negative examples of the defined contribution pension system when people lost their retirement savings because of devaluation and inflation bounce.

Petro Poroshenko also stands for the establishment of the stock market that will turn these savings into the investments in the national economy.

Earlier America extends sanctions list of global terrorists

latest news
ALL NEWS >