Abstract
The modern state is characterized by a social policy aimed at paying pensions to the disabled. Researchers say that the ideal pension system or its model has not been created, either in theory or in practice (Startseva and Vorobyeva, Aspirant, 3:85–86, 2016), but each country is trying to build such a system that would correspond to its economic development. The article examines various models of pension systems, the comparison of which allows us to identify their features and determine the directions for improving and reforming the national pension system.
An analysis of foreign experience in reforming the country’s pension system shows that the optimal model of pension implies a transition to corporate plans of voluntary and quasi-voluntary pensions, all the while maintaining state subsidies for private pension savings.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Chernykh, A. A. (2016). Features of pension reform in Russia. Business Education in the Knowledge Economy,1, 72–76.
Clark, G. L., Munnell, A. H., & Orszag, J. M. (Eds.). (2009). Oxford handbook of pensions and retirement income. Oxford University Press.
Eurostat. (n.d.). Social protection database. Available at: https://ec.europa.eu/eurostat/web/social-protection/data/database.
Krutikova, V. V. (2016). Pension accumulations in Russia: Myths, reality and alternatives. Social-Economic Phenomena and Processes,11(5), 32–37.
Lebedeva, L. F. (2014). Federal program of pension provision in the USA. Russia and America in the 21st Century, 2, 77–81.
Pensionnyj fond Rossijskoj Federatsii grazhdanam [Pension fund of the Russian Federation to citizens]. https://www.pfrf.ru/grazdanam/pensions/pens_nak/chto_nuzh_pens_nak/.
Popov, A. A. (2013). The American pension system in a crisis and comparison with Russia. USA and Canada: Economics, Politics, Culture, 11(479), 15–32.
Shmigol, N. S. (2016). Foreign experience of stimulating people’s participation in voluntary funded pension systems and prospects of its application in Russia. Economy. Taxes. Right., 6.
Startseva, S. V., & Vorobyeva, K. A. (2016). Consolidation of the right to social security in the Constitution of the Russian Federation. Aspirant, No,3(19), 85–86.
Startseva, S. V., Starodubova, V. S., & Timokhina, M. I. (2019). Comparative characteristics of the pension system of Russia and the USA. International Journal of Humanities and Natural Sciences, 12(2).
Zabolotsky, E. D. (2017), Experience of reforming pension systems of countries in the European Union and opportunities for its use in Russia. Bulletin of St. Petersburg State University. Economy., 33(3), 472–497.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Bolonin, A. (2021). Pension Funds and Prospects for Reforming the Russian Pension System as a Condition for the Qualitative Implementation of the State’s Social Policy. In: Panova, G. (eds) Financial Markets Evolution. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-71337-9_16
Download citation
DOI: https://doi.org/10.1007/978-3-030-71337-9_16
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-71336-2
Online ISBN: 978-3-030-71337-9
eBook Packages: Business and ManagementBusiness and Management (R0)