July 2019

05Jul

Pension fund left thousands of Russians without pensions

The Pension Fund of the Russian Federation did not include part of the pension to 170.5 thousand Russians, Life reports. Refusal to pay a pension is most often associated with informal employment, in which the employer did not make contributions to the Pension Fund. Another reason for the shortfall in payments is the loss of data on work experience. Due to legal illiteracy, people often make mistakes themselves - they submit applications for the accrual of fee ahead of time, or they...

July 5, 2019
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February 2019

23Feb

Pension Funds with Automatic Enrollment Schemes: Lessons for Emerging Economies

By Heinz P. Rudolph (The World Bank) Since the introduction of the KiwiSaver scheme in New Zealand in 2006, several countries have implemented, or are in the process of implementing, voluntary funded pension systems with automatic enrollment features. Since most of the literature has focused on countries with the common law tradition, including the United Kingdom and the United States, this note analyzes cases of countries with the civil code tradition, including Turkey, Poland, the Russian Federation, Chile, Brazil, and...

February 23, 2019
Articles, Pension design, System Sustainability, , , , , , , , ,
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January 2019

07Jan

Government Transfers, Work and Wellbeing: Evidence from the Russian Old-Age Pension

By Louise Grogan (University of Guelph - Department of Economics) & Fraser Summerfield (University of Aberdeen - Economics; CELMR; Rimini Center for Economic Analysis (RCEA)) This paper examines the impacts of a large and anticipated government transfer, the Russian old-age pension, on labor supply, home production and subjective wellbeing. The discontinuity in eligibility at pension age is exploited for inference. The 2006-2011 Russian Longitudinal Monitoring Survey is employed. Causal impacts differ across the sexes. Women reduce market work and appear...

January 7, 2019
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October 2018

18Oct

Russian Pensions and the Risk of War

Putin raises the retirement age, inflaming the street. Will he find an external enemy to shore up support? In the streets of more than 80 Russian cities, thousands of men and women have turned out for antigovernment rallies in the past few months. They aren’t the usual malcontents—the middle class, intelligentsia or students—but rabotyagi, blue-collar working stiffs. Both the cause of the rallies and their political context reveal the impoverishment of Russia and the fragility of Vladimir Putin’s regime, despite...

October 18, 2018
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05Oct

Putin’s Russian Retirement Age Hike And U.S. Social Security

Op-Ed by Elizabeth Bauer In the news yesterday:  despite public protests on the matter, Russian President Vladimir Putin signed into law a pension reform bill which increases the retirement age, formerly age 55 for women and 60 for men, to age 60 and 65, respectively. (See Radio Free Europe for coverage.) From an American point of view, one might be surprised that the retirement age was ever this low in the first place, or that retirement ages were and still remain different for men...

October 5, 2018
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September 2018

27Sep

Russian parliament approves Vladimir Putin’s controversial pension reform

Russian parliament’s lower house passed a controversial pension reform bill on Wednesday, after President Vladimir Putin announced concessions to try to dampen widespread public anger over plans to raise the state retirement age. The bill, which still has to go through the formality of a third reading and senate hearing, would see Russian men retire at 65 instead of 60 and has sparked rare national protest, with tens of thousands rallying across Russia in recent months. The lower house passed the...

September 27, 2018
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25Sep

Russia. Kremlin loses regional votes amid anger over pension reform

Russia's ruling party suffered two rare defeats in regional elections this weekend as its candidates lost to nationalists amid widespread discontent over a pension reform backed by President Vladimir Putin. A second round of governorship elections was held in two key regions Sunday, after support for the pro-Kremlin United Russia party saw its strongest decline in a decade during the first round on September 9. Vladimir Sipyagin, of the nationalist Liberal Democratic Party of Russia (LDPR), won 57 percent of the...

September 25, 2018
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24Sep

Russia: 3.000 demonstrators in Moscow against the reform of retirement pensions

Three thousand or so people marched Saturday in Moscow against the unpopular project of the government to increase the age of retirement, which causes a slingshot unusual in Russia. Parade participants on a large avenue in the centre of the Russian capital, waving placards bearing the image of members of the ruling party, United Russia, of which Prime minister Dmitry Medvedev, accompanied by slogans such as “Enemy of the people” or “Shame”. “About 3,000 people have taken part” in the protest,...

September 24, 2018
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11Sep

Russia. Putin Allies Suffer Election Setbacks Amid Pensions Protests

Russian President Vladimir Putin got a taste of public anger at his plans to increase the pension age as voters turned on the ruling party in regional elections and hundreds were arrested at protests against the reform. United Russia’s candidates for governor in four regions, mostly in the country’s east, were forced into runoffs after failing to win majorities in elections Sunday. They trailed Communist and nationalist opponents in two of the races, gaining as little as 32 percent support...

September 11, 2018
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10Sep

150 held over pension protests in Russia

Thousands of supporters of jailed opposition leader Alexei Navalny have protested across Russia against planned increases to the pension age, with a rights group saying at least 153 of them had been detained by the police. The protests were a challenge to the authorities who were hoping for a high turnout at regional elections, also being held on Sunday, despite widespread anger over the pension move. "The authorities are not listening to people and that means it's time to take to...

September 10, 2018
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