Defined contribution pension system an important task for government - Shmyhal

He said this in his speech at the All-Ukrainian Forum "Ukraine 30. Coronavirus: Challenges and Responses" in Kyiv on Tuesday, February 9, according to an Ukrinform correspondent.

"We will move in the direction of creating a defined contribution system. Today, as I have already said, the solidarity pension system is exhausting itself as a system that makes it possible to receive decent pensions. Therefore, the introduction of a defined contribution system has two bases. This is, first of all, the provision of decent pensions to our citizens in the future and to all of us, and it is an element of investing in the economy, because the defined contribution pension system is one of the investors in the economies where it exists," Shmyhal said.

According to him, the government intends to work fruitfully together with the concerned committees of the Verkhovna Rada during the year to adopt the necessary legislation for the introduction of the defined contribution pension system.

op