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Replacement rate of the lost wages by pension: Its economic meaning and problems of application in Russia

  • Social Problems
  • Published:
Studies on Russian Economic Development Aims and scope

Abstract

This article examines the nature and purpose of the replacement rate as a key indicator of the effectiveness of the insurance pension system, which allows one to estimate the level of pension payments for the lost earnings of an employee. It analyzes the standard requirements to a typical recipient of a retirement pension for calculating the replacement rate and touches upon the problems of the adequate application of this index as a landmark for the implementation of the pension system in the Russian Federation.

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References

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Authors and Affiliations

  1. Department of the Pension Fund of the Russian Federation, Moscow, Russia

    A. K. Solov’ev

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  1. A. K. Solov’ev
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Original Russian Text © A.K. Solov’ev, 2014.

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Solov’ev, A.K. Replacement rate of the lost wages by pension: Its economic meaning and problems of application in Russia. Stud. Russ. Econ. Dev. 25, 166–175 (2014). https://doi.org/10.1134/S1075700714020099

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  • DOI: https://doi.org/10.1134/S1075700714020099

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