Pension fund of the Russian Federation: purpose, problems and prospects of development

Pension Fund of the Russian Federation is of great importance for both social and economic spheres of life of the citizens of our state. The article describes in detail performed by the Fund socially valuable functions. Presents a number of problems hindering its effective activities and ways of their solution. Analyzes the dynamics and structure of revenues and expenditures of the Pension Fund of the Russian Federation and its budget in General. Formulated the prospects for the development of the pension system in General and in particular the Fund itself.