The Evolution of Financial and Investment Models of Social Security under the Influence of Modern Global Challenges

The subject of the study is the interaction of socio — economic institutions, financing mechanisms and financial resource management in the implementation of social guarantees of the state.

The relevance of the article is due to the increased influence of the processes of transformation of world economic relations, reglobalization, technological progress on the potential and long-term sustainability of financial and investment models of social security after the crises of the XXI century.

The purpose of the work is to define the concept and features of the financial and investment model of social security (FIMSS) and identify the factors influencing it in modern conditions.

As a result of the application of methods of analysis and synthesis, systematization, classification and categorization of scientific publications, as well as statistical data from international and domestic organizations, it has been established that FIMSS is a special form of organization of financial relations related to social risk management and other tasks in the field of social security of the population through financing social obligations and investing temporarily free financial resources resources intended to finance social obligations.

During the analysis of the current challenges and factors influencing the evolution of the FIMSS, it was concluded that, taking into account long-term socio-economic trends and country-specific features of the FIMSS, it is advisable for the state to develop a non-state social security system, since it allows in the long term to maintain a policy of guaranteeing full coverage of the population with a guaranteed minimum subsistence minimum and at the same time develop tools and opportunities for medium and maximum social security for those who need it.

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