Assessment of the level of economic security of non-state pension funds

The article is a continuation of the ongoing research devoted to the consideration of approaches and assessment of the effectiveness of managing investment portfolios of non-state pension funds (NPFs). This article examines the factors influencing the economic security of non-state pension funds. The selected factors made it possible to assess the level of economic security of pension funds. The analysis was carried out on the basis of statistical data on existing non-state pension funds for 2018-2022. The factors chosen were the accumulated return from the placement of attracted NPF funds, the efficiency of investing NPF funds, the average annual pension per pensioner, the share of NPF pension reserves in the total amount of pension reserves, and others. Based on the selected indicators, the funds were grouped by level of economic security and the strategies they used in their activities were determined. The analysis allowed the authors to formulate a number of practical recommendations. When analyzing and assessing the level of security, one should take into account the “life cycle phase” of the NPF, determined through indicators, the share of participants receiving a pension and the ratio between pension payments for the year and pension reserves at the end of the year. The proposed approaches can be used when developing a methodology for selecting NPFs by a future participant and can be used as indicative indicators when developing Key Information Documents of NPFs.