Balance Analysis of the Russian Federation Pension System

Student: Manukhin Pavel

Educational Programme: Financial Analyst (Master)

Year of Graduation: 2019

This study investigates the balance of the budget of the Pension Fund of the Russian Federation until 2036. The factors affecting the balance of income and expenditure, which are associated with providing the population with old age payments, are determined. The goal of the study is relevant for the Russian Federation in connection with the need to change the pension system, which reflects the adopted law on pension reform. The result of the work was the conclusion that with the aligned structure of the population, the budget of the Pension Fund is either in surplus or deficit is not growing faster than the sum of the real GDP growth rate and inflation target of the Bank of Russia. The most effective way to influence the pension Fund budget is to change the percentage of employers ' payments to the Fund.

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