The 3% prescribed by law for deductions from salary to the accumulative pension fund is not enough. To cover all the necessary expenses and save money, you need to deduct at least 8-10% of earnings, said Minister of Social Policy Oksana Zholnovich on the air of the telethon.

" The mandatory contribution from employers up to 3% envisaged today is not enough. It is obvious that the employee himself must join with his own funds,"

According to Zholnovich, draft law No. 9212 provides for the mandatory payment of contributions to the funded system by both the employer and employees. Initially, mandatory payment is provided only for employers.. At the start of the reform, an employee can make these contributions voluntarily.

In the future, according to her, this moment will be "

In addition, the introduction of mandatory pension savings is possible only with the creation of the appropriate infrastructure, which takes at least a year to set up all the tools.

" Although in the future both private structures and non-state pension banks will enter the system. That is, people will have a choice where to invest,” Zholnovich explained..

Recall that last week the Verkhovna Rada registered draft law No. 9212 on the launch of the funded pension system from 2023.

The bill provides for the establishment of mandatory participation in the funded pension system for all categories of working persons until they reach 55 years of age and the mandatory payment of pension contributions by employers in favor of such employees.

Thus, employers will pay 1% in 2023, 1.5% in 2024, 2% in 2025 of the wages of employees, and the state will co-finance such contributions on a parity basis from the state budget..

The accumulative pension system will work in a combined version, until 2026 the contributions of citizens will be accumulated by the state pension fund, from 2026 the participants of the system will be able to choose for themselves any authorized non-state pension fund where contributions will be paid.