The paper considers the development targets of the pension system and substantiates the complex of measures achieving them with regards to the concept of the long-term socioeconomic development of the Russian Federation through 2020.
⎯Contrary to the widely held attitude towards the necessity of immediately raising the retirement age, this article demonstrates the absence of demographic conditions for changing the existing regulations in granting pension insurance. The demographic factors are recognized as the basic development conditions of the state pension system; however, they have a multichannel impact on it, which requires a holistic and qualified analysis of all the relevant parameters for the governmental regulation. The pension age is viewed from the perspective of achieving the objectives of pension reform and strategic benchmarks in the long-term development of the Russian Pension system.
The problems associated with the reformation of the pension system have gained extreme urgency in the process of forming the long term strategy for Russia's socioeconomic development (until 2030), which is determined by the growth in its influence on the macroeconomic strategy. This paper gives an actuarial substantiation of the actual factors and conditions, on which the development of the pension system in the Russian Federation depends, and prospects for the stability of the pension budget based on insurance principles.
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