Parliament rejects bill on funded pensions
Kyiv • UNN
Parliament failed to pass the law on the funded pension system in the first reading due to insufficient votes, and its future prospects are uncertain given the need for IMF and World Bank approval, as well as demographic uncertainty caused by the war.
The Verkhovna Rada failed to pass the law №9212 on the funded pension system in the first reading due to insufficient number of votes, it was sent back to the initiators of the legislation, MP Yaroslav Zheleznyak said on Thursday, UNN reports.
The Parliament failed in the first reading of №9212 on the Law on Accumulative Pension Provision. The total number of votes was 214. Sent to the subject of the initiative - 235
"I don't think that even if passed, there would be a chance for the law in the near future. The IMF has a specific rule that any changes to the pension system must be agreed with the World Bank. And while the situation with demographics is unclear (due to the war), it is very difficult to calculate the macro for such a change. It is impossible to be more precise," Zheleznyak said.
What the draft law provides for
The currently proposed document envisages the establishment of mandatory participation in the funded pension system for all categories of employees until they reach the age of 55 and mandatory payment of pension contributions by employers in favor of such employees.
In particular, the document stipulates that starting from 2025, each working person's personal accounts opened with the state authorized pension fund will receive 2% of the salary fund as additional pension savings every month: 1% - from the unified social tax, 1% - from the state budget. In 2026, the deductions will be 3%, and in 2027 - 4%.
It is also expected that the state will guarantee the safety of pension funds, and when the owner of a pension account passes away, the amount of pension savings can be inherited.
"It is assumed that in the future, when the private sector and the National Securities and Stock Market Commission are ready, insurance companies, non-state pension funds, and asset management companies will join the savings system," said Galyna Tretyakova, chair of the committee.
At the same time, Finance Minister Sergiy Marchenko said in an interview that before the war he was a supporter of pension reform and helped to promote it, and now the Ministry of Finance supports it "conceptually." However, in a time of war, its implementation may be too difficult, the minister believes. A similar conclusion was reached by the State Tax Service in its comments to the draft law, stating that the introduction of a funded pension system in the context of ongoing aggression may not yield the expected financial result for citizens.
In Lviv, only one ASC is currently ready to accept persons liable for military service to update their data
Kyiv's ASCs are ready to accept persons liable for military service to update their data from today
The Association of International Road Carriers says that TCC employees have done everything possible to make drivers afraid to go on trips
Advisor to the Head of Kyiv RMA comments on accusations of working for a "Russian" company
NABU plans to seize land of ATO participants - Rada calls it immoral
Tax Service major fell victim to oligarchic game - human rights activist about the case against acting deputy head of the State Tax Service Sokur
Updating military registration data through Administrative Service Centers: are ASCs ready
Current electricity restrictions may last until August - Prime Minister's advisor
Lost Profit of Ukrainian Enterprises from Russian Aggression: Kyiv Scientific Research Institute of Forensic Expertise explained how the evidence base for compensation is being formed
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
Parliament rejects bill on funded pensions
Scheduled evacuation from settlements continues in Kharkiv region, some of them forced - Synehubov
Parliament Adopts Amendments to the Labor Code Concerning Employee Agreements in the Event of a Business Transfer
An audible explosion was reported in the suburbs of Kryvyi Rih
China pretends to be neutral, but supports rf's military objectives - US ambassador to NATO
russian Strategic Aviation Activity Decreased: the Air Force Spoke about the Consequences of the Elimination of Tu-22M3
Curfew for Easter: Head of KOVA tells whether restrictions will be lifted
Bitcoin and altcoins fall in price amid falling tech stocks and dollar fluctuations
Amid sanctions, russia prepares to stagnate LNG exports for the next few years - Reuters
Sunny weather helps the Ukrainian power system, but the deficit remains - Ukrenergo
Popular
SES: Evacuation of people from settlements of Vovchanska community in Kharkiv region continues
From today, the Ministry of Foreign Affairs resumes providing consular services for men of military age
Strengthening mobilization: who can have their cars taken away for the needs of the Armed Forces
Monetary reward and vacation for destroyed equipment, car certificate for mobilized: what other incentives does the law on enhanced mobilization provide for
russia attacks: ballistic missile threat from southeast detected
Publications
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
The law on strengthening mobilization: what will change after May 18 for those liable for military service
The Housing Capital case: where did the billions go?
Only debtors see the Russian footprint: how the label of cooperation with russia is used in business wars
Criminal case opened against acting deputy head of the State Tax Service Sokur for obstructing the supply of fuel to the army
Parliament rejects bill on funded pensions
Parliament failed to pass the law on the funded pension system in the first reading due to insufficient votes, and its future prospects are uncertain given the need for IMF and World Bank approval, as well as demographic uncertainty caused by the war.
Scheduled evacuation from settlements continues in Kharkiv region, some of them forced - Synehubov
In the Kharkiv region, the planned evacuation of settlements continues, and in some areas, families with children are being forced to evacuate.
Parliament Adopts Amendments to the Labor Code Concerning Employee Agreements in the Event of a Business Transfer
The Verkhovna Rada passed a European integration draft law regulating succession in labor relations in the event of a change of ownership of an enterprise, obliging the new employer to extend employment contracts and inform employees of the transfer.
An audible explosion was reported in the suburbs of Kryvyi Rih
An explosion was heard in the suburbs of Kryvyi Rih after an enemy missile changed course from Kropyvnytskyi to Kryvyi Rih.
China pretends to be neutral, but supports rf's military objectives - US ambassador to NATO
China pretends to be neutral, but supports Russia's military goals in Ukraine by selling drone technology and gunpowder ingredients to Moscow.
russian Strategic Aviation Activity Decreased: the Air Force Spoke about the Consequences of the Elimination of Tu-22M3
After Ukraine successfully destroyed a russian Tu-22M3 long-range bomber, russia significantly reduced its strategic aviation activity in the Black Sea region.
Curfew for Easter: Head of KOVA tells whether restrictions will be lifted
There is a significant threat of new Russian attacks, so all Easter services in the Kyiv region should be maximally secured. Services during the curfew should be broadcast online.
Bitcoin and altcoins fall in price amid falling tech stocks and dollar fluctuations
Bitcoin and altcoin prices fell sharply due to low risk appetite amid a sell-off in tech stocks and expectations of higher interest rates in the US.
Amid sanctions, russia prepares to stagnate LNG exports for the next few years - Reuters
Due to Western sanctions, russia expects its liquefied natural gas (LNG) exports to stagnate at around 38. 6 million tons annually for about four years.
Sunny weather helps the Ukrainian power system, but the deficit remains - Ukrenergo
Sunny weather and active solar power plants have helped boost Ukraine's electricity production, but the grid remains in short supply due to Russian missile attacks, requiring emergency assistance from Europe for much of the day and calling for conservation.