Assessing Pension System Sustainability: The Case of Ukraine

Abstract: Abstract This Master’s Thesis studies the issue of pension system sustainability in a current Ukrainian context. Sustainability is analysed in financial, political and social terms. A theoretical pension system theory framework is presented and the Ukrainian pension system and reform are described. The analysis is performed using a pay-as-you-go budget equation. The analysis suggests that the Ukrainian pension system faces severe threats to its sustainability. In the final section of the thesis, some policy recommendations targeting these threats are discussed.