Ensuring adequate and financially sustainable pensions in the Russian Federation
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