Optimization of The Pension System of The Russian Federation: Precondition, Tendencies and Prospects

Document Type : Original Article

Authors

Azerbaijan State University of Economics

Abstract

The subject of research in the article is the optimization of the pension system of the Russian Federation, which will determine the research topic. The study aim to put forward a hypothesis about the possible most effective methods of optimizing the pension system of the Russian Federation, to consider the options for the development of events and the likelihood of achieving the best outcome for all parties to the pension process. The objectives of the study are a review of existing methods and approaches to establishing the effectiveness of the pension system in the literature; description of the theoretical foundations defining the pension system as a state structure; confirmation of the current situation in the Russian Federation at the moment with statistical data; conclusions and results of the study. The research methodology lies within the boundaries of the theoretical systematization of previous scientific findings, the analysis of existing statistical data, and the synthesis of the conclusions of a probabilistic study of approaches to optimizing the pension system of the Russian Federation. The results of the study are the conclusions about the most likely outcome of the implementation of the optimization measures proposed for the pension system of the Russian Federation. The practical significance of the findings is determined by the high level of relevance of the issue and pension investments for the Russian economic and political community. From an economic standpoint, there is a need for the accumulation and payment of large sums, which should correspond to an adequate standard of living of the population. From a political point of view, the pension system is becoming an influential tool of loyalty to the country's leadership, which is determined by a significant number of pensioners in the Russian Federation. The solutions developed can be applied in the system of state management of pension savings of the Russian Federation.

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