SECTION:
ECONOMIC RESEARCH
TITLE
Problems of Development of the State Pension System for the Planning and Budgetary Period
Arkadii K. Solovev
{jd_file file==___}
RAR (Research Article Report)
JEL G280
https://doi.org/10.52180/1999-9836_2026_22_2_3_224_239
AUTHOR
Arkadii K. Solovev
Financial University under the Government of the Russian Federation, Moscow, Russia
E-mail:
ORCID: https://orcid.org/0000-0002-8563-9836
SPIN-code: 6165-1300
Scopus Author ID: 57200797260
FOR CITATION
Solovev A.K. Problems of Development of the State Pension System for the Planning and Budgetary Period. Uroven' Zhizni Naseleniya Regionov Rossii=Living Standards of the Population in the Regions of Russia. 2026;22(2):224–239. https://doi.org/10.52180/1999-9836_2026_22_2_3_224_239 (In Russ.)
ABSTRACT
The purpose of the study is to assess the current state of the main economic parameters of the development of the state pension system and to identify the conditions for achieving the targets for the standard of living of the older generations of the population at the final stage of pension reform. The object of the study is the state pension system, which is considered not only as the main part of the state pension policy, but primarily as an integral basic element of the state budget of the modern welfare state. This is the main novelty of the study. The pension reform, initiated back in the perestroika period, was aimed at transforming the solidarity and equalization model of pension provision for citizens into an insurance model for the formation and implementation of pension rights by establishing a direct dependence of the amount of pension entitlements and benefits on their individual labor potential. However, despite the multi-stage restructuring of all the basic components of the state pension system, not all the planned parameters have been achieved. The relevance of the study is confirmed by the persistence of the main problems of pension provision for the 2026–2028 budget planning period: a decrease in the standard of living of older generations, the risks of financial security for the strategic period of fulfilling pension obligations, the preservation of restrictions on the rights of working pensioners, etc. The research methodology is based on actuarial and statistical methods of analyzing the factors and conditions of the pension system development in an inextricable connection with macroeconomics. The practical results of the study substantiate the need to integrate the current insurance model of pension provision, focused on the realization of the rights of the declining sector of wage employment with hybrid models of the formation of pension rights of the self-employed and unemployed population.
KEYWORDS
state pension system, macroeconomics, pension reform, demographic factors, long-term strategy, pension rights, standard of living, subsistence minimum for pensioners, replacement rate
ACKNOWLEDGMENTS
The article is based on research conducted using budget funds under the state assignment of the Financial University under the Government of the Russian Federation in 2024.
INFORMATION ABOUT THE AUTHOR
Arkadii K. Solovev
Doctor of Economics, Professor, Honoured Economist of Russia, Director, Research Center for the Development of the State Pension System and Actuarial and Statistical Analysis, Financial University under the Government of the Russian Federation.
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