November 2025
18Nov

ILO Advances Its Work on Social Protection in Ukraine, Supporting the Country’s Ongoing Pension Reform

The ILO team engaged in constructive dialogue with Ukrainian partners. A key discussion took place with Denys Ulutin, Minister of Social Policy, Family and Unity, who shared the Government’s approach to building a system that is resilient and forward-looking. The goal of the policies we are working on is a contemporary, sustainable system that supports people and the economy. It is not only about benefits, but also about creating conditions for development. Denys Ulutin, Minister of Social Policy, Family and Unity...

November 18, 2025
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July 2025
15Jul

A revolution in the pension system is being prepared in Ukraine: what is known about it and how much payments will increase

Ukraine is preparing a large-scale pension reform that will allow citizens to significantly increase their future payments. According to the new model, pensions can be doubled or even tripled by combining three levels – solidarity, accumulative and voluntary. This was stated by the Minister of Social Policy, Oksana Zholnovych, in the program “What about the economy?” . It is noted that in some cases the pension will reach 80% of the previous earnings. The draft law on launching the accumulative system is...

July 15, 2025
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January 2025
29Jan

Ukraine tackles world’s fastest aging population with drastic pension overhaul

As Russia’s war takes its toll on Ukraine’s military-capable population, the country faces a ticking demographic time bomb that is forcing the adoption of unpopular decisions. Ukraine’s dwindling adult population can no longer sustain a solidarity pension system, in which each working adult supports one pensioner — a ratio that could be one of the highest in the world. Each adult will now maintain their own pension fund account to supplement the very basic state social assistance. This step, the...

January 29, 2025
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November 2024
27Nov

Pension System in Ukraine: Citizens’ Perspective

Do citizens consider the pension system fair, and what would they like to change? How well do Ukrainians understand the pension calculation formula and the factors that affect the pension sum? How confident are citizens that the pension system will be able to provide them with a decent life in old age? What do people think about the introduction of mandatory funded pensions? We can answer these and other questions with the results of a nationwide survey on social...

November 27, 2024
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June 2022
01Jun

European Union Will Lend Ukraine EUR 9 Billion for pensions, among others

The European Union Summit has decided to provide Ukraine with an urgent loan in the amount of EUR 9 billion to pay off urgent budgetary needs. President of the European Commission Ursula von der Leyen stated this at a press conference on the night of May 31, European Pravda reports. "Ukraine needs urgent financial support. As you know, about EUR 5 billion is required monthly in Ukraine to support basic payments, such as salaries, pensions, etc.," von der Leyen recalled, speaking...

June 1, 2022
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April 2022
19Apr

World Bank cuts 2022 global growth outlook on Russia invasion

The World Bank cut its forecast for global economic expansion this year on Russia's invasion of Ukraine and is planning to mobilize a funding package bigger than the COVID-19 response for nations to deal with various resulting and ongoing crises. The institution lowered its estimate for global growth in 2022 to 3.2% from a January prediction of 4.1%, President David Malpass told reporters on a call on Monday. The decline was spurred by a cut in the outlook for Europe...

April 19, 2022
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March 2022
08Mar

U.K. pension regulator calls for vigilance over Russia risks

U.K. pension fund trustees should be "vigilant" about how the Russian invasion of Ukraine and resulting sanctions might affect them, The Pensions Regulator cautioned in a March 4 guidance. TPR recognized that some trustees and their advisers have already been reviewing their exposure risks, and set expectations for those reviews. "We expect you to be vigilant and talk to your advisers about any action which you may need to take, depending on your scheme's investment, risk management or employer covenant exposures,"...

March 8, 2022
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07Mar

IMF Sees ‘Severe Impact’ on Global Economy From War, Sanctions

The International Monetary Fund warned Russia’s war with Ukraine and the subsequent sanctions imposed upon President Vladimir Putin’s country will have a “severe impact” on the global economy. “While the situation remains highly fluid and the outlook is subject to extraordinary uncertainty, the economic consequences are already very serious,” the Washington-based lender said in a statement on Saturday. Food and energy prices have surged in recent days and supply chains have frayed, adding to the inflationary pressures that policy makers were...

March 7, 2022
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More U.K., European investors move away from Russia
04Mar

More U.K., European investors move away from Russia

Asset owners and managers across the U.K. and Europe continued moving away from Russian investments following the invasion of Ukraine. The Swedish Pensions Agency on Monday placed an immediate ban on purchasing Russian funds. "We are stopping the possibility of buying the funds that focus most heavily on investments in Russia. This is done to protect pension savers," said Erik Fransson, head of fund management for the SPA, in a news release. SPA has 2.1 trillion (232 billion) Swedish kronor...

March 4, 2022
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State Pensions Can’t Dump Russian Investments They Don’t Even Know They Own
04Mar

US. State Pensions Can’t Dump Russian Investments They Don’t Even Know They Own

By Edward Siedle Across the nation politicians are naïvely calling for state pensions to dump their Russian investments to punish the country for its invasion of Ukraine. Since state pensions have in recent years agreed to let Wall Street fund managers keep secret their investment holdings, states don’t even know the Russian assets they hold. Yesterday, state Attorney General Dave Yost publicly called upon Ohio’s five public employee retirement funds to divest themselves of Russian financial holdings to further punish the...

March 4, 2022
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