Insurance Pension Reform: Strategic Challenges and Tactical Risks

Abstract

The article presents the results of an actuarial statistical study of external macroeconomic and demographic factors in the development of the pension system in Russia based on insurance principles determined by market, social and labor relations. It is shown why measures for pension reform aimed at solving local (tactical) problems by the parametric adjustment of individual segments in the pension system prove inefficient without taking into account the synergy effect and the impact made by the macroeconomic and demographic conditions of the long-term socio-economic development of the country [1, 2]. It is proved that the effectiveness of the pension system should be assessed based on the success rate in meeting strategic targets such as a decent standard of living for pensioners and the long-term sustainability of the pension system.