Decent level of pension provision of citizens of the Russian Federation: current state, search of criteria and social trends

The object of the researching is the pension provision of citizens of the Russian Federation. The purpose of the work is to analyze the current level of pension provision for Russian citizens in the system of compulsory pension insurance and non-state pension provision, to propose criteria and social guidelines that reveal the concept of «a decent level of pension provision». Research methods - methods of economic analysis, economic-statistical methods. Results of carried out researching: clarification of criteria of pension provision, formulation of criteria for a decent standard of living for pensioners. Application area: improvement of the pension insurance system and increasing of the level of pension provision of citizens of the Russian Federation. The novelty and significance of the article lies in the fact that in it analyzes the current state of pension provision of citizens of the Russian Federation, the disadvantages of applying the pensioner's subsistence minimum to the assessment of this security are shown, as well as the coefficient of replacement of lost earnings by a pension, substantiated the need to adopt as the main criterion for the development of pension provision minimum (recovery) consumer budget, and for pension provision of representatives of the middle class - development budget.

development budget, minimum consumer budget, non-state pension provision, compulsory pension insurance, pension provision, living wage of a pensioner