Reforming the Public Pension System in the Russian Federation
IMF Working Papers, August 1, 2012
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- Reforming the Public Pension System in the Russian Federation
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Bibliographic details
- Authors: Frank Eich, Mauricio Soto, Charleen A Gust
- Published: August 1, 2012
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475505511.001
Summary
- Pension reform is identified as a key policy challenge in Russia.
- The paper examines how pension spending could increase in Russia in the absence of reforms.
- It quantifies the impact of some recent proposals.
- It suggests alternatives that would ensure public pension benefits—relative to wages—do not fall from current levels while containing spending.
Major findings and analysis
- Pension spending could increase significantly in the absence of reforms (specific projection figures are not provided on the landing page).
- The paper quantifies impacts of recent proposals (details of quantified impacts are contained in the working paper itself).
- Alternatives are proposed that aim to:
- Maintain public pension benefits relative to wages at current levels.
- Contain overall pension spending.
Policy implications and recommendations
- Reform options should balance maintaining benefit levels (relative to wages) with containing pension spending.
- The analysis evaluates trade-offs between reducing pension eligibility, altering pension formulas, and other design changes (specific policy simulations and numerical results are presented in the full working paper).
Subjects and keywords
- Subject: Aging, Expenditure, Health, Labor, Pension reform, Pension spending, Pensions, Population and demographics, Retirement
- Keywords: Aging, B. reducing pension eligibility, contribution pension, disability pension, Eastern Europe, Europe, fiscal policy, pension, pension age, pension finances, pension formula, pension reform, pension spending, Pension spending, pension system, Pensions, Retirement, retirement age, Russia, WP
IMF Working Paper — Reforming the Public Pension System in the Russian Federation (August 1, 2012) — Authors: Frank Eich; Mauricio Soto; Charleen A Gust.
Content in this bundle
- _wp12201 - References