Prospects for the development of pension reform in Russia

Due to insufficient pension provision for healthy life of citizens, the Russian pension fund in 2002 is reforming the pension system to optimize incoming funds and increase pension provision. In connection with this reform, the insurance and funded part of the pension is allocated. In the perspective of the development of pension provision, there is a tendency to increase the share of the funded pension. Nevertheless, it remains impossible to completely abandon the insurance pension. Six steps to replenish the budget of the Russian Pension Fund. Qualitative growth of pension provision.