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ECONOMIC RESEARCH

TITLE

Analysis of Conditions for Achieving National Goals of Decent Standard of Living for Pensioners
Arkadii K. Solovev

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INDEX

RAR (Research Article Report)

JEL J01

https://doi.org/10.52180/1999-9836_2025_21_4_5_562_576

AUTHOR

Arkadii K. Solovev

Financial University under the Government of the Russian Federation, Moscow, Russia

e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORCID: https://orcid.org/0000-0002-8563-9836

SPIN-code:  6165-1300

Scopus Author ID: 57200797260

FOR CITATION

Solovev A.K. Analysis of Сonditions for Achieving National Goals of Decent Standard of Living for Pensioners. Uroven' Zhizni Naseleniya Regionov Rossii=Living Standards of the Population in the Regions of Russia. 2025;21(4):562-576. https://doi.org/10.52180/1999-9836_2025_21_4_5_562_576 (In Russ.)

Abstract

This study analyses the conditions for attaining the socio-economic development parameters of the state pension system, as stipulated by statutory instruments. The relevance of this research is underpinned by the forthcoming 2026–2028 budgetary and planning period, which represents a decisive phase in finalising the reform of the fundamental principles governing the insurance-based pension system. These principles were originally established in 2002 and subsequently refined by the governmental «Strategy for the Long-Term Development of the Russian Federation's State Pension System until 2030» (Strategy-2030). The methodological framework is grounded in an actuarial analysis of the conditions for achieving national objectives for a decent standard of living for pensioners, coupled with an assessment of risks associated with fulfilling the state's long-term commitments to all pensioner categories. The actuarial-statistical analysis established that the contemporary state pension system, notwithstanding the execution of its social functions and the implementation of core Strategy-2030 measures—such as the eradication of poverty among all pensioner categories, the removal of funded components from the insurance pension, and the revision of pension entitlement criteria—is subject to the growing influence of external global factors. These factors present strategic risks to the attainment of national objectives for the welfare of older generations, as defined by Russian Presidential Decree No. 309 (2024). The study identified unresolved issues from prior stages of the insurance-based pension reform. It demonstrated that current developments have confronted the national pension system with novel challenges, stemming from objective shifts in the global and national landscape. These challenges extend beyond the remit of the pension system itself and necessitate regulation within the framework of macroeconomic and fiscal policy. Furthermore, the research substantiates that the advancement of digital technologies within the social security system constitutes a pivotal factor in enhancing the efficacy with which the state fulfils its pension obligations to citizens. The study also delineates the conditions requisite for achieving the national goals of a prosperous old age within the established timelines and pinpoints the specific impediments to enhancing the pension system's overall efficiency.

Keywords

national goals for a prosperous old age, state pension system, mandatory pension insurance, standard of living for pensioners, replacement rate, actuarial and statistical analysis

Acknowledgements

the research was carried out at the expense of the grant of the Russian Science Foundation No. 24-28-00306

AUTHOR BIOGRAFY

Arkadii K. Solovev

Doctor of Economics, Professor, 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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