THE SYSTEM OF NON-STATE PENSION PROVISION: FOREIGN EXPERIENCE OF FUNCTIONING AND PROSPECTS FOR IMPLEMENTATION IN UKRAINE

Abstract

The purpose of the article is analyzing the system of non-state pension provision and the prospects for its implementation in Ukraine. Research methods: the chosen topic of scientific research requires the use of various scientific methods and approaches to obtain qualitative results. Therefore, the following research methods were used to solve the tasks: analysis; system method; analytical, etc. Results: the analysis of international practice allows us to formulate a number of generalized conclusions, in particular, the effective functioning of the system of non-state pension provision is possible only under the condition of a high level of citizens' trust in financial institutions, an important factor is the use of tax incentives that motivate citizens and employers to participate in savings programs, the active role of employers and, finally, the development of digital technologies plays a significant role, which simplify citizens' access to financial services and increase the level of transparency of the system. Discussion: the formation of non-state pension systems in different countries took place under the influence of a complex of factors, among which an important place is occupied by economic development, demographic structure of the population, the level of formation of financial markets, as well as the peculiarities of the social policy of the state. That is why the analysis of international experience is important for the formation of a promising model of non-state pension provision in Ukraine.