The escalation of the demographic ageing process and the need to strengthen social security of older persons determined a priority need for social care system reforms in Ukraine. There are yet some achievements in the pension system reform through improving the parameters of its PAYG component, increasing the retirement age, and introducing incentives for the participation of older workers in the labour force. Further steps to reform the pension system in Ukraine and ensure successful adaptation of the labour market adaptation to demographic changes should be taken towards the transformation of retirement into a flexible and gradual process. The issue of increasing the living standards and improving the quality of life in older age remains important in our country. Given the adverse health and demographic situation in Ukraine, one of the top priorities of the national development policies are maintaining good health and working ability of older people.