Finance and Credit

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
LCCN Permalink
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

The role of corporate pension schemes in the architecture of the Russian pension system

Vol. 23, Iss. 11, MARCH 2017

PDF  Article PDF Version

Received: 2 December 2016

Received in revised form: 26 December 2016

Accepted: 8 February 2017

Available online: 29 March 2017

Subject Heading: Insurance

JEL Classification: G14, G15, G23, G28, G32

Pages: 647-668

Finogenova Yu.Yu. Plekhanov Russian University of Economics, Moscow, Russian Federation

Odinokova T.D. Ural State University of Economics, Yekaterinburg, Russian Federation

Subject The article addresses pension programs as one of the most important aspects in economic development of all countries.
Objectives The purpose of the study is to investigate the problems of pension support in Russia and formulate proposals for corporate pension schemes development to improve the flexibility of the Russian pension system architecture.
Methods The study draws on methods of logical and statistical analysis.
Results We performed a comparative analysis of the current situation with regard to non-State pension system development in Russia and the OECD countries and reviewed the Russian pension system reform. Based on the analysis, we identified the key problems of private pension fund development at the present stage. The paper includes proposals to solve these problems.
Conclusions It is crucial to improve transparency and information disclosure for a wide range of stakeholders, create a single source of remuneration for non-State pension funds, management companies and special custodians. Supervisory authorities should exercise control on the basis of compliance with risk-oriented principles and harmonization of regulations. It is necessary to expand the pension product portfolio for non-State pension fund clients and cooperate more closely with life insurance companies.

Keywords: pension system, assets, non-State pension fund, pension scheme, corporate pension plan


  1. Presnyakova V.V. [Additional pension provision realized through corporate pension plans as an element of efficient functioning of the pension system of the Russian Federation]. Nauka o cheloveke: gumanitarnye issledovaniya = Science of the Person: Humanitarian Researches, 2015, no. 3, pp. 152–157. (In Russ.)
  2. Karpikova I.S., Solomein A.A. [Realization of motivational potential of corporate pension plan as an innovative technology of human resource development]. Vestnik Tikhookeanskogo gosudarstvennogo universiteta = Bulletin of Pacific National University, 2014, no. 1, pp. 233–240. (In Russ.)
  3. Yarnykh E.A. [Assessment of the pension system of Russia]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2016, no. 8, pp. 1142–1147. (In Russ.)
  4. Dement'ev N.P. [The pension system in modern Russia: Permanent reforming and uncertainty]. EKO = ECO, 2015, no. 11, pp. 153–168. (In Russ.)
  5. Ermakov D.N. [Urgent problems of the modern pension system of Russia: Tendencies and prospects]. Ekonomika i effektivnost' organizatsii proizvodstva = Economy and Efficiency of Organization of Production, 2015, no. 23, pp. 46–49. (In Russ.)
  6. Yukish V.F. [Pension system and current problems of its improvement in Russia]. Aktual'nye problemy gumanitarnykh i estestvennykh nauk = Topical Issues of Humanities and Sciences, 2015, no. 11-3, pp. 230–237. (In Russ.)
  7. Belobabchenko M.K., Lubyagina D.V. [Tendencies and prospects for corporate pension provision development in the Russian Federation]. Zhurnal rossiiskogo prava = Journal of Russian Law, 2013, no. 7, pp. 63–70. (In Russ.)
  8. Gvozdenko A.N. Pensionnye nakopleniya. Mify, real'nost' i chto meshaet lyudyam kopit' [Retirement savings. Myths, reality and what prevents people from saving]. Available at: Link. (In Russ.)
  9. Lavrenova E.S., Belomyttseva O.S. [Efficiency of pension accruals management in non-State pension funds]. Finansovyi zhurnal = Financial Journal, 2016, no. 3, pp. 115–125. (In Russ.)
  10. Chistova E.V. Neeffektivnoe funktsionirovanie institutov pensionnoi sistemy Rossii. V kn.: Rossiiskie regiony v fokuse peremen [Inefficient functioning of pension system institutions in Russia. In: Russian regions in the focus of changes]. Yekaterinburg, UMTs UPI Publ., 2016, pp. 1113–1122.
  11. Andryushchenko G.I., Volkov I.A. [Corporate pension programs as a tool of complex modernization of the pension system of the Russian Federation]. Sotsial'naya politika i sotsiologi = Social Policy and Sociology, 2016, vol. 15, no. 5, pp. 17–25. (In Russ.)
  12. Ugryumov K., Trushin A. [Multiplication of promises]. Pryamye investitsii = Direct Investment, 2013, no. 12, pp. 40–41. (In Russ.)
  13. Mikhailov L., Sycheva L. [Regulation and supervision in the funded component of the mandatory pension insurance in Russia and abroad]. Ekonomiko-politicheskaya situatsiya v Rossii = Economic and Political Situation in Russia, 2010, no. 11, pp. 52–56. (In Russ.)
  14. Smol'nikova E.V. [Influence of external organizational environment on processes of non-State pension fund management]. Vestnik MGOU. Seriya: Ekonomika = MSRU Bulletin. Series: Economics, 2015, no. 3, pp. 128–134. (In Russ.) doi: 10.18384/2310-6646-2015-3-128-134
  15. Nizova L.M., Danilova M.I. [Pension insurance practice in foreign countries]. Strakhovoe delo = Insurance, 2016, no. 6, pp. 42–44. (In Russ.)
  16. Sabitova N.M., Jourkina N.S. Assessment of Pension Coverage in the Russian Federation. Mediterranean Journal of Social Sciences, 2014, vol. 5, no. 24, pp. 200–204.
  17. Butrin D., Skorobogat'ko D. Kontseptsiya individual'nogo pensionnogo kapitala [The concept of individual pension capital]. Available at: Link. (In Russ.)

View all articles of issue


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

Journal current issue

Vol. 26, Iss. 1
January 2020