In general, all safety agents must not only be prepared and able to defend national
interests, counteracting various threats, but also maintain social and economic stability
in the state and promote the effective functioning of pension funds in order to
strengthen economic safety and build a national economy. Undoubtedly, the key role
should belong to the state, which is obliged to define (establish) the format of relations
between the subjects of safety on issues of guaranteeing economic safety, to promote
the coordination of interests between them and to ensure the proper functioning of the
system of economic safety.
Subjects of safety that ensure the observance of national interests should take care
of the full safety of all objects (in our case, pension and pension schemes), use the
whole available arsenal and thus guarantee economic safety in general. Ukraine
provides the functioning of pension funds of different organizational structures,
depending on the level of the pension system. As a result, their safety system should
have its characteristics on the one hand, and on the other hand, create all conditions for
the safe functioning of the pension system. We suggest the following features of the
functioning of pension funds as objects of the system of economic safety.
The features of the functioning of the Pension Fund of Ukraine are as follows:
1. It is s a non-profit self-governing organization, it is a business entity whose
activities are not aimed at obtaining profits and are carried out without the intervention
of central authorities [6]. On the other hand, the Regulation on the Pension Fund of
Ukraine defines its status as a central executive body whose activities are directed and
coordinated by the Cabinet of Ministers of Ukraine through the Vice Prime Minister of
Ukraine. One can see from the current legislation of Ukraine that legal documents
contradict each other [7].
2. The Executive Directorate of the Pension Fund is a permanent body that
organizes and enforces the decisions of the board. The board of the fund is the supreme
governing body, which includes 5 representatives - parties from the state, insured
persons and employers.
3. It forms its financial resources from the following sources: mandatory
contributions to the pension insurance of enterprises and citizens; investment income
derived from investing in a reserve; funds of the state budget and trust funds; amounts
from financial sanctions for violating the established procedure for calculating
insurance premiums and using the funds of the Pension Fund; charitable contributions
of enterprises, organizations, institutions, population. As we can see, the state pension
fund has financial resources that are characterized by a specific structure.
4. Supervision over the activities of the Pension Fund is done by the Supervisory
Board. The Supervisory Board of the fund includes equal numbers of representatives
from the state, insured persons and employers. Representatives from the state are
appointed and recalled by the Cabinet of Ministers of Ukraine.
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