The Development of Pension Systems: Russian and Foreign Experience

 
PIIS020736760002818-8-1
DOI10.31857/S020736760002818-8
Publication type Article
Status Published
Authors
Occupation: Leading Researcher, Institute of Economics, RAS
Affiliation: Institute of Economics, RAS
Address: Russia
Occupation: Deputy Head of the Strategic Development Department of the Social Insurance Fund of the Russian Federation
Affiliation: Strategic Development Department of the Social Insurance Fund of the Russian Federation
Address: Russia
Journal nameObshchestvo i ekonomika
EditionIssue 12
Pages88-113
Abstract

In the article the concept of modern pension system is considered, which includes five components; the goals and criteria of pension reform are analyzed, the features of parametric reforms are presented, as well as the grounds for raising the retirement age; the experience of pension systems development in Russia and some other countries is evaluated. The author argues that multi-component structure of the pension system is more flexible, and focused on providing better financial and other support for the elderly. The most important tasks of the pension system, he says, are to reduce poverty among seniour citizens, to reduce economic, demographic and political risks, to ensure the financial stability of the pension system.

Keywordsmodern concept of pension system, financial stability, parametric pension reform, retirement age, insurance experience.
Received26.12.2018
Publication date27.12.2018
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