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The Pension System

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Abstract

The principles of the pension reform that began in Russia in 2002 have changed more than once in the years since then, taking into account the dynamics of the socioeconomic and demographic situation. Nevertheless, efforts to ensure the stability of the pension system have not been successful up to this point. The article analyzes the basic reasons for the current situation and critiques management decisions in the sphere of pension coverage. It shows the inevitability of making employees themselves more responsible for ensuring that they have acceptable incomes after they reach pension age.

Suggested Citation

  • S. Smirnov, 2011. "The Pension System," Problems of Economic Transition, Taylor & Francis Journals, vol. 54(5), pages 20-30.
  • Handle: RePEc:mes:prectr:v:54:y:2011:i:5:p:20-30
    DOI: 10.2753/PET1061-1991540503
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    Cited by:

    1. Giuseppe Marotta, 2011. "Are defined contribution pension schemes socially sustainable? A conceptual map from a macroprudential perspective," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 11101, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    2. Peter Jarrett, 2011. "Pension Reforms in Poland and Elsewhere: the View from Paris," CASE Network Studies and Analyses 425, CASE-Center for Social and Economic Research.

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