Some Features of the Civil-and-legal status of non-state Pension Funds

Olena Vasylchenko

Author information
ORCID ID https://orcid.org/0009-0001-2226-8062

Published:

DOI: https://doi.org/10.69724/2786-8834-2024-2-2-170-183

Keywords: non-state pension fund, non-entrepreneurial society, non-profit organization, founder, participant, contributor

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Abstract

Non-state pension funds (NPF) are new subjects of civil law relations in Ukraine. They began to be created in 2004 after the Law of Ukraine ’On Non-State Pension Provisions’ came into force. The article analyzes the general norms of the Civil Code, which regulate non- entrepreneurial societies, to which NPFs are classified according to the Law, and well as special norms of the Law ’On Non-State Pension Provision’ from the point of view of requirements for founders and participants, special legal capacity of the fund, features of getting the status of fund’s participant, the procedure of civil legal capacity of the NPF. Particular attention is paid to the special nature of property relations between the fund and its participants, taking into account the public importance of the NPF, which means the accumulation and investment of pension contributions in order to ensure pension payments for participants in future.

References

Legislation

  1. Tsyvilnyi kodeks Ukrainy [Civil Code of Ukraine] vid 16.01.2003 r. No435-IV URL: https://zakon.rada.gov.ua/laws/show/435–15#Text. (accessed: 15.07.2024) [in Ukrainian]
  2. Podatkovyi kodeks Ukrainy [The Tax Code of Ukraine] vid 02.12.2010 r. No 2755-VI URL: https://zakon.rada.gov.ua/laws/show/2755–17#n12538. (accessed: 15.07.2024) [in Ukrainian]
  3. Pro zahalnooboviazkove derzhavne pensiine strakhuvannia [On Compulsory State Pension Insurance]: Zakon Ukrainy vid 09.07.2003 r No1058-IV. URL:https:// zakon.rada.gov.ua/laws/show/1058–15#Text. (accessed: 15.07.2024) [in Ukrainian]
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  5. Pro instytuty spilnoho investuvannia (paiovi ta korporatyvni investytsiini fondy) [On collective investment institutions (mutual and corporate investment funds)]: Zakon Ukrainy vid 05.03.2001 r. No 2299-III. URL: https://zakon.rada.gov.ua/laws/ show/2299–14#Text. (accessed: 15.07.2024) [in Ukrainian]

    6. Polozhennia pro poriadok vyznachennia chystoi vartosti aktyviv pensiinoho fondu: zatv. Rishenniam Derzhavnoi komisii z tsinnykh paperiv ta fondovoho rynku [Regulation on the Procedure for Determining the Net Asset Value of a Pension Fund: approved by the State Commission on Securities and Exchange. Decision of the State Commission on Securities and Stock Market] 11.08.2004 r. No339 (u redaktsii rishennia vid 28.02.2012) No333. URL: https://zakon.rada.gov.ua/laws/ show/z0096-05#Text. (accessed: 15.07.2024) [in Ukrainian]

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