Priority directions of pension system reform in socially-oriented countries of the world

The author provides a critical analysis of national pension systems in developing countries with undeveloped market dominance in the economy of these countries, the impact of demographic factors, such as reduced fertility, increase in the proportion of the uninsured population, increasing life expectancy on the formation and maintenance of the financial sustainability of pension systems, the failure of conventional market regulators in this area, the lack of a pure traditional pay-as-you-go and funded pension systems and use elements of both systems depending on the dominance of macroeconomic, demographic and political factors, as a result, the author suggests tactical and instrumental methods of classification of reformation of national pension systems.