Recent Reforms of the Russian Pension System: pro et contra

O. Khmyz

Voprosy Ekonomiki, 2003, issue 12

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.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2003:id:2121

DOI: 10.32609/0042-8736-2003-12-56-67

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