Russian Pension Trends: Actuarial Assessment

The paper examines the issues of the crisis state of the modern Russian pension system and considers options for overcoming it.Actuarial calculations in pension insurance are implemented on the basis of data from the mortality and life expectancy tables of Russia and the Rostov region population for 2017.The calculations are carried out in accordance with the Methodology for calculating insurance rates for types of insurance related to life insurance.Actuarial assessment of premiums and pensions allows us to formulate a number of recommendations.It is proposed to combine state social pensions with corporate programs, where pensions are accumulated according to the insurance principle from the beginning of an individual's work activity.Thus, individuals who started their labor activity early have the opportunity to save for a decent pension, and those who are not employed or who started working late need state pension provision.The study results can be used both by state social security authorities and insurance companies.