The Pension System of Russia - Will there be a Pension Revolution?

The article is devoted to the study of the development and formation of the pension system in Russia. The author dwells on one of the key issues of pension reform-the revision of the conditions for the appointment and formation of the right to insurance pensions of Russian citizens. The main stages of the formation of the pension reform, as well as their advantages and disadvantages, are investigated. Based on the analysis of scientific sources, the ways of further transformation of the pension system are outlined. The author comes to the conclusion that the transformation will not be revolutionary, revolutionary-its essence will consist in reforming the existing components (state pensions, the system of compulsory pension insurance and non-state pension provision), improving the efficiency of their functioning, changing the formulas for calculating the amount of payments and creating and implementing new progressive mechanisms and tools based on domestic and foreign experience in the organization of the pension system.

pension system, pension reform, insurance pensions, accumulation of pension rights, non-state pensions, insurance experience, pension payments, mandatory pension insurance