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Pension Reform in Russia: First Year of Implementing

Author

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  • Afanasiev, S.A.

Abstract

From January 1, 2002 Russian embarked on a pension reform to set up a three-pillar pension system and introduce funded principles of retirement pensions to be accumulated for "younger" workers. The new pension includes the flat-rate basic part which is paid to ensure a certain guaranteed minimum income, and the insured and funded parts both of which depend on amounts of insurance contributions and the resulting pension assets registered on an individual basis through the working life. The reform is aimed at improving the pension provision standards in the Russian Federation through ensuring long-term financial stability of the pension system.

Suggested Citation

  • Afanasiev, S.A., 2003. "Pension Reform in Russia: First Year of Implementing," Discussion Paper 146, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:piedp1:146
    Note: The PIE International Workshop on "Pension Reform in Transition Economies", IER, Hitotsubashi University, February 22, 2003
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/14467/pie_dp146.pdf
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    Cited by:

    1. de Menil, Georges, 2005. "Why should the portfolios of mandatory, private pension funds be captive? (The foreign investment question)," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 123-141, January.
    2. Ivan Suvorov, 2020. "Expected and Unexpected Consequences of Russian Pension Increase in 2010," Russian Journal of Money and Finance, Bank of Russia, vol. 79(1), pages 93-112, March.
    3. Israel Marques, 2014. "Firms And Social Policy In The Post-Communist Bloc: Evidence From Russia," HSE Working papers WP BRP 87/EC/2014, National Research University Higher School of Economics.
    4. Ivan S. Grigoriev & Anna A. Dekalchuk, 2015. "School Of Autocracy: Pensions And Labour Reforms Of The First Putin Administration," HSE Working papers WP BRP 24/PS/2015, National Research University Higher School of Economics.
    5. repec:zbw:bofitp:2018_007 is not listed on IDEAS
    6. Marques II, Israel, 2018. "Firms and social policy preferences under weak institutions : Evidence from Russia," BOFIT Discussion Papers 7/2018, Bank of Finland, Institute for Economies in Transition.
    7. John B. Williamson & Matthew Williams, 2005. "Notional Defined Contribution Accounts," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(2), pages 485-506, April.
    8. Marques II, Israel, 2018. "Firms and social policy preferences under weak institutions: Evidence from Russia," BOFIT Discussion Papers 7/2018, Bank of Finland Institute for Emerging Economies (BOFIT).

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