The Verkhovna Rada Committee Explains the Reason for the Failure of the Vote on the Funded Pension
Kyiv • UNN
The Verkhovna Rada failed to pass the draft law on the funded pension system in the first reading due to risks associated with the weak stock market and the Ukrainian economy, as well as concerns about the transfer of funds to private entities in the future.
One of the reasons for the failure of the vote in the Verkhovna Rada on the bill on the funded pension system in the first reading is the weak stock market. This was announced by MP, First Deputy Chairman of the Regulatory Committee of the Verkhovna Rada Serhiy Yevtushok during a telethon, a correspondent of UNN reports.
Details
When asked what were the reasons for the failure to vote on the draft law on funded pensions, Mr. Yevtushok replied: "Such revolutionary decisions require some components that would have a stable basis, including the economy. If we have a huge economic downturn and no macro-financial assistance, we cannot talk about such reforms.
According to him, under the circumstances, when the stock market in Ukraine is too weak, it is very risky to take such steps.
In such circumstances, when our stock market is too weak, it is very risky to take such steps. The draft law provided for the creation of a new pension fund, so to speak, which had huge risks of being transferred to private structures somewhere in the future, which is again a minus for the state, so there are a lot of risks, and MPs expressed their position very clearly and correctly and did not pass the draft law, but sent it back. The risks that our people will find themselves in a situation where they will not be able to receive anything at all are enormous
Addendum
The Verkhovna Rada failed to pass draft law No. 9212 on the funded pension system in the first reading due to insufficient votes, and it was sent back to the initiators of the legislation.
The Minister of Social Policy of Ukraine Oksana Zholnovych statedthat Ukraine is currently working on changes to the solidarity pension system to make it more balanced and fair.
Ukraine is working on changes to the solidarity pension systemApril 26 2024, 09:07 AM • 24432 views
