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Pension Funds and Prospects for Reforming the Russian Pension System as a Condition for the Qualitative Implementation of the State’s Social Policy

In: Financial Markets Evolution

Author

Listed:
  • Aleksei Bolonin

    (Moscow State Institute of International Relations (MGIMO University))

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.

Suggested Citation

  • Aleksei Bolonin, 2021. "Pension Funds and Prospects for Reforming the Russian Pension System as a Condition for the Qualitative Implementation of the State’s Social Policy," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Galina Panova (ed.), Financial Markets Evolution, edition 1, pages 213-221, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-71337-9_16
    DOI: 10.1007/978-3-030-71337-9_16
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