2019 (16), №4

Reform of the Russian Pension System: Development Directions and Evaluation Criteria



For citation: 

Chichkanov, V. P., & Chistova, E. V. (2019). Reform of the Russian Pension System: Development Directions and Evaluation Criteria. Zhurnal ekonomicheskoj Teorii [Russian Journal of Economic Theory], 16(4), 606-616


Any model of the pension system can be considered effective provided it meets the requirements of fluctuating economic conditions; therefore, such models should be flexible to timely respond to inevitable changes. The article seeks to address the question of the appropriate degree of radicalism in these changes and the assessment of their impact. An analysis was carried out to assess the results of a Russian pension system reform. Main trends and directions of the reform were considered in a historical perspective covering the period from the beginning of the post-Soviet period up to the present. The main shortcomings and disadvantages of the pension system characteristic of the end of the Soviet period and thus far preserved are outlined. The prerequisites and factors led to the beginning of active modernisation and a change in the vector of development are described. The analysis of changes in the structure and model of the pension insurance system is provided. The characteristic of new pension tools and the difficulties that arose in the process of their development and implementation are described. The macroeconomic conditions for the search for an effective model of the Russian pension system are described. The particular attention in the article is paid to those principles of the pension insurance system that prevailed in a given period of the country’s development. Various systems for assessing the pension system are presented with their features being highlighted. The size of pensions was adopted as a criterion for assessing the results of the reform of the pension system. By superimposing the dynamics of such basic parameters as the replacement coefficient on the reform stages in the pension system, a graphic assessment of its consequences was obtained. Based on the presented assessment, a conclusion is drawn about unresolved problems in the Russian pension system.

PDF full
Downloaded: 35

Valery Petrovich Chichkanov — Doctor of Economics, RAS Corresponding Member, Leading Researcher, Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russian Federation; e-mail: vpchichkanov@ yandex.ru).

Elena Vital’evna Chistova — Phd in Economics, Senior Research Associate, Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russian Federation; e-mail: elvitvas@ya.ru).

Borisenko, N. Y. (2010). Etapy reformirovaniya pensionnoy sistemy Rossii [Steps of the pension reform of the Russia]. Finansy i kredit [Finance and credit], 16(3), 34–43. (In Russ.)

Burlaka, N. P. (2011). Upravlenie zanyatost’yu lits pensionnogo vozrasta [Management of Employment for Persons of Retirement Age]. Rossiyskoe predprinimatel’stvo [Russian journal of entrepreneurship], 3, 104–108. (In Russ.)

Galishnikova, E. V. (2013). Obyazatel’nyy nakopitel’nyy komponent v pensionnykh sistemakh: otechestvennyy i zarubezhnyy opyt [Mandatory pension component in pension systems: domestic and foreign experience]. Finansovyy zhurnal [Financial journal], 4, 135–144. (In Russ.)

Grigoryeva, I. A. (2016). Smena paradigmy v ponimanii stareniya [Paradigm shift in understanding ageing]. Sotsiologicheskie issledovaniya [Sociological Studies], 11(390), 154–155. (In Russ.)

Gryanchenko, T. V. (2015). Osnovnye problemy pensionnoy sistemy RF i orientiry ee sovershenstvovaniya [Main issues of the pension system of the Russian Federation and guidelines of its improvement]. Trud i sotsial’nye otnosheniya [Labour and social relations], 1, 111–126. (In Russ.)

Gurvich, E. T. (2012). Pensionnaya politika v dolgosrochnoy perspektive — obshchiy vzglyad [Pension policy in the Long Run — General approach]. Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 3(15), 178–180. (In Russ.)

Gurvich, E.T. (2011). Printsipy novoy pensionnoy reform [Roadmap for the New Pension Reform]. Voprosy Ekonomiki [Economic matters], 4, 4–31. (In Russ.)

Gurvich, E. T. (2008). Prioritety novogo etapa pensionnoy reformy [Priorities of the new stage’s pension reform]. SPERO [SPERO], 8, 43–62. (In Russ.)

Gurvich, E. T. (2010). Reforma 2010 g.: resheny li dolgosrochnye problemy pensionnoy sistemy? [Reform of 2010: are the Long-Term Problems of the Pension System Properly Adressed?]. Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 6 (6), 98–119. (In Russ.)

Davtyan, M. A., & Krylova L. V (2014). Osobennosti novogo etapa reformirovaniya pensionnoy sistemy RF [The features of the new stage of pension system reform in Russian Federation]. Trud i sotsial’nye otnosheniya [Labour and social relations], 2, 132–140. (In Russ.)

Degtyar, L. S. (2002). Rossiyskaya pensionnaya reforma v kontekste mirovogo opyta [Russian pension reform in the context of world experience]. Problemy prognozirovaniya [Studies on Russian Economic Development], 6, 75–93. (In Russ.) Dormidontova, Y. A., Lyashok, V. Y., & Nazarov, V. S. (2015). Vliyanie izmeneniy v pensionnoy formule na prinyatie resheniya o vykhode na pensiyu [Impact of the Changes in the Pension formula on Workers’ Decision to Retire] Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 1(25), 57–75. (In Russ.)

Lyashok, V. Y., Maleva, T. M., & Gorlin, Y. M. (2018). Povyshenie pensionnogo vozrasta: pozitivnye effekty i veroyatnye riski [Pension age Increase: Positive Effects and the Possible Risks]. Ekonomicheskaya politika [Economic policy], 13(1), 148–179. (In Russ.)

Maleva, T. M., & Sinyavskaya, O. V. (2005). Pensionnaya reforma v Rossii: o politicheskoy ekonomii populizma [Pension reform in Russia: about the political economy of populism]. Otechestvennye zapiski [Patriotic Notes], available at: http://www.strana-oz.ru/2005/3/pensionnaya-reforma-v-rossii-o-politicheskoy-ekonomii-populizma (accessed 24.07.2019). (In Russ.)

Omelchuk, T. G., & Popov, V. Y. (2014). Problemy reformirovaniya pensionnoy sistemy Rossii [Problem of Reforming the Pension System in Russia]. Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 3(23), 107–129. (In Russ.)

Rzhanitsyna, L. S. (2012). U issledovatelya osobaya pozitsiya [A Researcher’s Specific Approach]. Zhurnal Novoy ekonomicheskoy assotsiatsii [Journal of the New Economic Association], 3(15), 173–176. (In Russ.)

Roik, V. D. (2011). Pensionnaya reforma v Rossii: trudnyy put’ stanovleniya strakhovykh institutov [Russia Pensions System: the hard Way of Building Insurance Institutions]. ECO [ECO], 3(441), 4–23. (In Russ.)

Roik, V. D. (2013). Pensionnaya reforma: kriterii otsenki [Pension reform: assessment criteria]. Narodonaselenie [Population], 4, 4–17. (In Russ.)

Sinyavskaya, O. V. (2010). Istoriya pensionnoy reformy v Rossii [History of pension reform in Russia]. Istoriya novoy Rossii [History of the New Russia], available at: www.ru-90.ru/node/978#_ftnref22 (accessed 24.07.2019). (In Russ.)

Solov’ev, A. K. (2010). Sotsial’no-ekonomicheskie rezul’taty pensionnoy reform v Rossii [Socio-economic results of pen- sion reform in Russia]. SPERO [SPERO], 12, 91–104. (In Russ.)

Solov’ev, A. K. (2013). Ekonomicheskiy mekhanizm regulirovaniya gosudarstvennykh pensionnykh obyazatel’stv [Economic mechanism for regulation of government pension liabilities]. Ekonomicheskaya nauka sovremennoy Rossii [Economics of Contemporary Russia], 2(61), 103–113. (In Russ.)

Tuchkova, E. G. (2017). Itogi reform i perspektivy formirovaniya mnogourovnevoy natsional’noy pensionnoy sistemy [The results of reforms and prospects of formation of tiered national pension system]. Vestnik Universiteta imeni O. E. Kutafina [Courier of the Kutafin Moscow State Law University (MSAL)], 10(38), 16–25. (In Russ.)

Chereshnev, V. A., & Chistova, E. V. (2017). Vyyavlenie regional’nykh osobennostey stareniya naseleniya Rossii [Determination of regional aspects of aging in Russia]. Ekonomicheskiy analiz: teoriya i praktika [Economic Analysis: Theory and Practice], 16(12), 2206–2223. (In Russ.)

Shhetinina, I. V. (2018). Uvelichenie pensionnogo vozrasta:argumenty «za» i «protiv» [Increasing the Retirement age: Points for and Against]. ECO [ECO], 11(533), 96–115. (In Russ.)

Grishchenko, N. (2016). Pensions After Pension Reforms: A Comparative Analysis of Belarus, Kazakhstan, and Russia. Procedia Economics and Finance, 36, 3–9. doi: 10.1016/S2212-5671(16)30010-7.

Holzmann R., Hinz R. P., & Dorfman M. (2008). Pension Systems and Reform Conceptual Framework. SP Discussion Paper, 0824, available at: https://siteresources.worldbank.org/SOCIALPROTECTION/Resources/SP-Discussion-papers/Pensions-DP/0824.pdf (accessed 24.07.2019).

Walker, A. (2002) A strategy for active ageing. International Social Security Review, 55(2), 121–139.