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Goncharov A.I., Goncharova M.V. Peculiarities of the Financial and Legal Regime of the Pension System of the Russian Federation. Part 1

Goncharov Aleksandr Ivanovich
Doctor of Juridical Sciences, Doctor of Economic Sciences, Professor, Department of Constitutional and Municipal Law, Department of Civil and International Private Law, Volgograd State University, Base Department of Southern Scientific Center of the Russian Academy of Sciences (SSC RAS)
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Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation


Goncharova Marina Vyacheslavovna


Doctor of Economic Sciences, Professor, Department of Economics,
Volgograd Branch of Russian State Trade and Economic University


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11, Volgo-Donskaya St., 400066, Volgograd, Russian Federation

 

Abstract. The authors study the foreign practices of financial assurance of pension payments as compared to the acting pension legislation of the Russian Federation in the context of its ability to ensure life worth living for Russian citizens of retiring age. The article reveals the manner of financing retirement pension payments, required by the legislation of the Russian Federation (insurance and funded components of retirement pension) on the basis of the financial mechanism of compulsory pension insurance. The article justifies the directions and alternative prospects of developing the financial assurance of pension payments in Russia.


Key words: citizen, financial assurance, pension payment, compulsory insurance, insurance payments, endowment period, financial solvency.

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