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Recent Reforms of the Russian Pension System: pro et contra

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  • O. Khmyz

Abstract

Recent reforms of the general pension regime have gone a long way to ensuring a fair, equitable and transparent pension scheme, available to all workers younger than 45 years old. An adjustable formula relates pensions to the duration and level of contributions, and life-expectancy. It introduces some welcome flexibility to the system, as benefits are automatically adjusted for the effects of population ageing. Today the workers must choose a state or a private pension fund's management company. However, it is not clear whether recent reforms will be sufficient to ensure the long-term actuarial and financil balance of the general system.

Suggested Citation

  • O. Khmyz, 2003. "Recent Reforms of the Russian Pension System: pro et contra," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    • Handle: RePEc:nos:voprec:y:2003:id:2121
    DOI: 10.32609/0042-8736-2003-12-56-67
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