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Ensuring adequate and financially sustainable pensions in the Russian Federation

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Abstract:

The Russian pension system has undergone various reforms over the past decade. Since 2002, the general public pension system comprises a basic benefit, an earnings‐related scheme based on notional accounts and a funded component. In 2008, the government started to financially promote voluntary pension saving by matching individual contributions up to a maximum, and it sharply increased the basic public pension in 2009‐10 to fight old‐age poverty.

Document Type: Review Article

Publication date: 2011-12-01

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