IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2014i23p107-129.html
   My bibliography  Save this article

Problem of Reforming the Pension System in Russia

Author

Listed:
  • Omelchuk, T.

    (Financial University under the Government of the Russian Federation, Moscow, Russia)

  • Popov, V.

    (Financial University under the Government of the Russian Federation, Moscow, Russia)

Abstract

This paper investigates individual pensions and long-term financial sustainability of the pension system in the face of the current pension legislation from 2002 to 2015 and under the new pension formula , which comes into force in 2015, according to the Federal Law "On Insurance Pensions". The authors examined the problems and risks of introducing a new pension formula and suggested measures aimed at strengthening the long-term sustainability of the pension system and stimulating later pensions, both in terms of retention of the existing pension formula since 2002 and in terms of introducing a new pension formula from 2015. The change in the legislation on financing of early pensions is analyzed.

Suggested Citation

  • Omelchuk, T. & Popov, V., 2014. "Problem of Reforming the Pension System in Russia," Journal of the New Economic Association, New Economic Association, vol. 23(3), pages 107-129.
    • Handle: RePEc:nea:journl:y:2014:i:23:p:107-129
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2014-23-107-129r.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    pension reform; long-term financial sustainability of pension system; replacement rate; individual pensions; pension formula;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E69 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2014:i:23:p:107-129. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.