The Verkhovna Rada Committee for Social Policy, Employment and Pension Coverage has eyed draft laws on introduction of state obligatory defined contribution pension system.
Members of the Committee eyed the draft law “On introduction of amendments into legislative act of Ukraine as to introduction of state obligatory defined contribution pension system and common principles of pension accounting” No. 2767 and two alternative draft laws Nos. 2767-1 and 2767-2.
According to Head of the Committee Liudmyla Denisova, a governmental draft law offers to introduce the second level of pension coverage system — defined contribution pension system starting January 1, 2017.
The Head of the Committee noted that pension funds should be managed by asset management companies, whose activity will be secured by the state. Pension assets have to be kept only with state-owned banks, which will be a guarantee for retired people.
Members of the Committee decided to recommend that the Verkhovna Rada of Ukraine send the governmental draft law No. 2767 to the Committee to adapt it for the repeat first reading.
The Committee was also suggested prepare the adapted draft law “On introduction of amendments into legislative act of Ukraine as to introduction of state obligatory defined contribution pension system and common principles of pension accounting” recognizing results of the discussion of specific provisions of two alternative draft laws.