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About the pension system in Ukraine
- The first pillar- is the solidary system (Pension fund of Ukraine). Deductions from the salary that are made on behalf of the pension fund, are redistributed and paid to current pensioners;
- The second pillar- is accumulative system of obligatory government pension insurance (introduction is expected in 2011 year);
- The third pillar - is the system of the voluntarily non-government pension provision. You make contributions to OPF «OTP Pension», money is accumulated on your individual pension account, investment result is accumulated on pension account, after achievement of the retirement age you get OTP Pension.
Non-government pension funds:
- function exceptionally with the purpose of accumulation of pension money on behalf of NPF participants;
- distribute 100% of income exceptionally between the participants of the fund;
- provide pension payments to the participants or their heirs;
- is controlled by the State Commission on regulating Financial Services Markets of Ukraine;
- have a multilevel protection of participants interests.
Contributor/participant
OPF «OTP Pension»
OJSC «Universal Bank» «OTP Pension Funds Administrator LLC «AMC«OTP Capital» LLC
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