They want to give Ukrainians more opportunities to save for retirement on their own: Hetmantsev submitted a bill

Ukraine plans to reboot the voluntary pension savings system. The head of the parliamentary Committee on Finance, Tax and Customs Policy, Danylo Getmantsev, has submitted for registration a bill “On Voluntary Pension Funds”. The document is intended to strengthen the protection of Ukrainians’ savings and establish stricter requirements for those who manage pension funds.

Danylo Getmantsev reported on the submission of the bill.

According to him, the current system of non-state pension provision in Ukraine is actually not using its potential. Therefore, the new document should create a mechanism that will allow citizens to independently form additional financial resources for old age.

Almost 900 thousand Ukrainians are already members of pension funds

As of the end of the first quarter of 2026, the assets of non-state pension funds amounted to about 7.6 billion hryvnias.

There were 889.2 thousand people who participated in such funds, but only 92.5 thousand people received or continue to receive pension payments.

At the same time, some of the non-state pension funds registered in Ukraine are actually not operating.

This is one of the problems that the new rules propose to solve.

What they want to change for Ukrainians

The draft law provides for stronger protection of the rights of people who voluntarily save money for their future pension.

In particular, it is proposed to:

establish clearer responsibility of pension companies for managing funds;
introduce modern standards of corporate governance and control;
strengthen the risk management system;
orient the investment of pension assets towards the long-term interests of depositors;
provide people with more relevant and understandable information about the state of their savings;
strengthen state supervision of pension institutions.

Thus, a person should gain more control over the funds that he voluntarily saves for old age.

“It’s not just about pensions in the future. It’s about creating a mechanism under which a person will have more opportunities to independently form their financial resources for the retirement period,” explained Hetmantsev.

They want to turn pension money into a resource for the economy

The reform may be important not only for future pensioners.

The funds accumulated by citizens can become a source of long-term domestic investments. In fact, we are talking about a resource that, if properly regulated, can simultaneously work for the future pensions of citizens and the Ukrainian economy.

Earlier, the National Securities and Stock Market Commission had already presented a concept for updating the system of voluntary pension funds. It is considered as one of the elements of the future development of the funded pension system.

The average pension is 7.3 thousand hryvnias, but every fourth person receives about 3.5 thousand

The issue of pension reform remains particularly relevant against the background of the current level of payments.

As of July 1, 2026, there were 9.98 million pensioners in Ukraine. Since the beginning of the year, their number has decreased by 190.5 thousand people.

The average pension was 7,273 hryvnias, while every fourth Ukrainian pensioner received about 3.5 thousand hryvnias.

Another 2.8 million pensioners, or 28%, continue to work.

At the same time, the average Ukrainian pension is about 27% of the average wage. For comparison, the average figure in EU countries is about 58%.

Therefore, the development of voluntary savings should allow Ukrainians to depend less solely on payments from the solidarity pension system in the future.