ISJ Theoretical & Applied Science 11(43) 2016

ISPC Education and Innovation, Scranton, USA

Aksenov PA

SOURCES OF FINANCING RETIREMENT INCOME IN RUSSIA AND THE UNITED STATES.

Full Article: PDF

Scientific Object Identifier: http://s-o-i.org/1.1/TAS-11-43-13

DOI: http://dx.doi.org/10.15863/TAS.2016.11.43.13

Language: English

Citation: Aksenov PA (2016) SOURCES OF FINANCING RETIREMENT INCOME IN RUSSIA AND THE UNITED STATES. ISJ Theoretical & Applied Science, 11 (43): 65-72. Soi: http://s-o-i.org/1.1/TAS-11-43-13 Doi: http://dx.doi.org/10.15863/TAS.2016.11.43.13

Pages: 65-72

Published: 30.11.2016

Abstract: The article analyses the structure of pension systems in Russia and the United States in terms of funding their main components. Considered the financial performance of state and private pension funds in US for the last decades and the outlook for developing voluntary pensions in Russia. A comparative analysis of two countries is also provided, including the study of US experience in developing private pension market. Conclusions are made on the direction and prospects of the current pension system reforms in Russia.

Key words: pension systems, sources of pensions funding, Russia, the United States, private pension funds.