OREANDA-NEWS. October 21, 2011. The introduction of the second pillar of pension system - mandatory funded insurance - will allow not only to create an additional source of financial incomes for the future retirees, but also to increase domestic investments.

It was declared by the Vice Prime Minister of Ukraine - Minister of Social Policy Sergiy Tigipko during the International conference "Pension Reform: Efficiency and Fairness", which was organized by the NGO "Reform Club".

"According to preliminary estimates, in 2013, on the retirement accounts of the second level will be at least 3.6 billion UAH, which can be invested. If we take 2020, the minimum amount could reach 36 billion UAH. These funds should work for the development of Ukrainian economy," Sergiy Tigipko has underlined. According to the official, during the preparation of legislation on the second pillar pension should prescribe stringent guarantees of deposits and their profitability, as well as requirements for companies that managed these funds.