The Supplementary Pension in Russia: Current Problems and Future Prospects in the light of International Experience

Abstract:

The article examines the existing problems of the Russian pension system and identifies possible solutions based on international experience. The reasons that impede potential achievement of a decent standard of living after retirement are revealed. Particular attention is given to non-state supplementary pension provision. On the basis of the conducted research, the necessity of increasing the financial literacy of the population and stimulating voluntary pension savings has been substantiated.