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The Ministry of Social Policy of Ukraine initiates the introduction of accumulative pensions at all enterprises with a state share of more than 50%.

This is stated in a letter from the Ministry addressed to Prime Minister Denis Shmygal, the League .

According to the publication, according to the letter, the introduction of accumulative pensions at state-owned enterprises is planned as part of the reform of the corporate governance system.

State-owned enterprises are proposed to provide at least 50% of their employees with contributions of 2% of their salaries to private pension funds. 

Businesses should include in their financial plans for 2023 the cost of paying such pension contributions. 

“The implementation of such an initiative will provide an additional source of income for employees of public sector enterprises in retirement due to the Pension Funds accumulated in their individual pension accounts,” the letter reads.