Pension Provision in the Far Eastern Federal District of the Russian Federation

DOI

10.2991/aebmr.k.200312.238How to use a DOI?

Abstract

Improving the provision of pensions is one of the priorities of the state policy of the Russian Federation. The pension system is in the process of reform, one of the last steps is to increase the retirement age. Pension in the mandatory pension system (MPS) is appointed by the insurance when the insured event, namely the retirement age, establishing disability or loss of a breadwinner. Pensions provided ops are formed by premiums paid by employers (policyholders) for its employees and for themselves to the Pension Fund of Russia. The total rate of insurance contributions account for the funds in the amount of 22% of payroll employees. Each district of the Russian Federation has its own characteristics that must be considered in the development of pension policy. Far Eastern Federal District occupies 40% of the territory of the Russian Federation, Its population is 5.6% of the Russian population. It is characterized by severe climatic conditions and larger than the share of Russian pensioners from 28.2 to 33.9%. For wages to increase the size of workers working in areas with special climatic conditions of payment in order to compensate for these terms and conditions associated with higher employee costs applicable regional coefficients. It turns out that wages are higher than in Russia, but also higher costs. Old-age pension in the DFO exceed the subsistence minimum of a pensioner in 1.3-1.6 times, but still did not provide a decent old age. There is migration: beyond DFO retired pensioners is 3.3 times more than arrived. Therefore, to improve the standard of living of pensioners is necessary to improve the demographic and economic situation. What it is done by stimulating the birth rate.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - P Volodkin
AU  - A Ryzhova
AU  - O Shirokorad
PY  - 2020
DA  - 2020/03/17
TI  - Pension Provision in the Far Eastern Federal District of the Russian Federation
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1722
EP  - 1727
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.238
DO  - 10.2991/aebmr.k.200312.238
ID  - Volodkin2020
ER  -