Aging of the population and the importance of funded pensions as a source of financing future expenses of pensioners

The problem of pension provision of citizens is an urgent issue for many developed countries of the world. The aging of the population caused by the second demographic transition leads to an increase in the number of pensioners with an increase in the burden on working citizens. This may lead to the fact that in the future it will be more difficult for the state to fulfill its social obligations and pay insurance pensions. In this regard, the purpose of this study is to analyze the impact of population aging on the Russian pension insurance system and to study the role of funded pensions in the possible overcoming of the crisis of the pension system. Based on the results of the study, a conclusion is formulated about the prospects for increasing the role of funded pensions in the Russian pension system to ensure its crisis-free functioning.