Pension expectations and strategies of Russian residents

Occupation: Head of Department Insurance and Social Economics
Affiliation: Financial University under the Government of the Russian Federation
Address: Moscow, 49 Leningradsky Prospekt, 125993, Moscow, Russia

Journal name

Sotsiologicheskie issledovaniya

Edition

Issue 6

Pages

36-42

Abstract

In 2019, a pension reform started in Russia, as a result of which the retirement age is raising and the pensions of Russians should have been increased. The article discusses Russian citizens’ attitude to the pension reform, provides estimates of the desired size of the future pension, options for personal life financial planning at retirement age. A comparison of the level of the average assigned pension and main indicators of the standard of living of the population shows the insufficiency of the current replacement rate. For the majority, the state pension is the main source of income at retirement age. The calculations given in the article show that a decent pension can be achieved on the basis of a state and non-state pension combination. But the stimulation of funded pension programs in Russia does not work due to low incomes of the population and distrust in non-state pension funds.

Keywords

pension, retirement age, pension reform, non-state pension funds

Received

27.06.2022

Publication date

28.06.2022

Number of characters

13642

Cite

GOST	Tsyganov A. Pension expectations and strategies of Russian residents // Sotsiologicheskie issledovaniya – 2022. – Issue 6 C. 36-42 [Electronic resource]. URL: http://ras.jes.su/socis/s013216250017479-9-1-en (circulation date: 08.05.2024). DOI: 10.31857/S013216250017479-9
MLA	Tsyganov, Alexander "Pension expectations and strategies of Russian residents." Sotsiologicheskie issledovaniya 6 (2022):36-42. DOI: 10.31857/S013216250017479-9
APA	Tsyganov A. (2022). Pension expectations and strategies of Russian residents. Sotsiologicheskie issledovaniya (6), pp.36-42 DOI: 10.31857/S013216250017479-9

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