2015
DOI: 10.5901/mjss.2015.v6n4s4p388
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The Pension Systems in the Group of Seven Countries: The Current State, Prospects of Development, and References for Russia

Abstract: This article discusses the pension systems in the member states of the Group of Seven (G-7). A comparative analysis of pension protection is provided. The emphasis is made on the basic to funded components ratio. The options for pension reforms are also considered. Based on the G-7 countries' experience study, a conclusion is made on the prospects of reforming the pension system in Russia.Keywords: pension reforms, pension systems, the member states of the Group of Seven, the distributive and funded principles… Show more

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Cited by 3 publications
(3 citation statements)
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“…In the process of analyzing socio-economic indicators, such as the retirement age, the size and structure of pension payments, the procedure for transferring pension contributions and other indicators, there were identified the main priorities for cooperation between the EEU countries, especially: "Development of general principles of social guarantees for persons of retirement age, practical measures for the implementation of a guaranteed income program for persons of retirement age, development of common approaches to the regulation of investment activities of pension funds, formation of a unified information base for pension benefits" [12]. Some scientists' researches are devoted to problems in the field of human capital territorial systems.…”
Section: Methodsmentioning
confidence: 99%
“…In the process of analyzing socio-economic indicators, such as the retirement age, the size and structure of pension payments, the procedure for transferring pension contributions and other indicators, there were identified the main priorities for cooperation between the EEU countries, especially: "Development of general principles of social guarantees for persons of retirement age, practical measures for the implementation of a guaranteed income program for persons of retirement age, development of common approaches to the regulation of investment activities of pension funds, formation of a unified information base for pension benefits" [12]. Some scientists' researches are devoted to problems in the field of human capital territorial systems.…”
Section: Methodsmentioning
confidence: 99%
“…Pension System of USA (Lebedeva, Feiguine, 2015) America is considered an example of a successful pension system -the US government is doing everything possible in order to provide the citizens of the State with a dignified old age after termination of employment. The current system was created and launched in 1935.…”
Section: Let Us Review the Pension Systems Of Several Countriesmentioning
confidence: 99%
“…Pension System of United Kingdom (Lebedeva, Feiguine, 2015) Pension system of United Kingdom is based on the combination of public and private elements. It includes three types of pensions: basic state pensions, state pensions and private pensions.…”
Section: Let Us Review the Pension Systems Of Several Countriesmentioning
confidence: 99%