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Finance and Credit
 

The role of non-state pension funds in the system of mandatory pension insurance

Vol. 15, Iss. 18, MAY 2009

Available online: 16 September 2009

Subject Heading: Insurance business

JEL Classification: 

Vavulin D.A. PhD, associate professor of the Department of Public Administration and Finance of Orel State Technical University

Fedotov V.N. the director of the Open joint-stock company «The Tula investment company»
fvn@home.tula.net

Under the reform of the mandatory pension insurance system, the Russian citizens born after 1967 received the right to refuse from formation of the funded part of the work pension through the Pension Fund of the Russian Federation and to choose a non-state pension fund for this purpose. In this article the authors consider in detail the role of non-state pension funds within the system of mandatory pension insurance.

Keywords: pension, fund, insurance, choice

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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