LEGAL STANDARDS OF RETIREMENT INSURANCE AND THE RUSSIAN ACTUARIAL PENSION PLANS
Authors:
Type:
Article
Pages:
from 0
to 0
Status:
Published
Received:
24.06.2015
Accepted:
24.06.2015
Published:
24.06.2015
Language:
Russian
Keywords:
Retirement insurance, minimum standards, pensions, non-contributory pensions, replacement rate.
Abstract (English):
The author considers the basic content of international instruments and the ILO Convention on minimum standards of social security and the need to take them into account in the Russian insurance pension legislation. In Russia, a higher minimum standard insurance for old age pensions is set without sufficient grounds and additional conditions for awarding such pension have been introduced, which will lead to the deprivation of the right to pension for many citizens. The author also assesses a special technique for determining the earnings replacement rate by pension suggested for Russia which does not coincide with the rules defined by the Convention, which leads to its ungrounded overrating.
The author considers the basic content of international instruments and the ILO Convention on minimum standards of social security and the need to take them into account in the Russian insurance pension legislation. In Russia, a higher minimum standard insurance for old age pensions is set without sufficient grounds and additional conditions for awarding such pension have been introduced, which will lead to the deprivation of the right to pension for many citizens. The author also assesses a special technique for determining the earnings replacement rate by pension suggested for Russia which does not coincide with the rules defined by the Convention, which leads to its ungrounded overrating.
Keywords:
Retirement insurance, minimum standards, pensions, non-contributory pensions, replacement rate.
Retirement insurance, minimum standards, pensions, non-contributory pensions, replacement rate.
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