Importance Previous reforms failed to create a financially and socially stable pension system in Russia. Therefore, it is still relevant to search for optimal variants of reforms in this. Objective The paper validates the proposed reforms of the Russian retirement benefits model using the theory of economic interests. Methods We identify specific features of economic interests relating to retirement benefits and analyze differences in motivation, thereby revealing probable conflicts in the pension system. Finally, we choose ways to organize retirement benefits to harmonize the process of implementing different economic interests. Results Considering the specifics of pension relations, short-term, long-term, true and imaginary economic interests should be distinguished. The current model fails to enable parties of pension relations to completely implement their economic interests. Various social groups usually face conflicts of interest concerning reasons for, and the amount of retirement benefits, source and methods for financing pension liabilities, mechanism for capitalizing pension contributions. Conclusions and Relevance Based on obligatory individual savings, retirement benefits seem to be the best possible compromise to satisfy different economic interests. Protective pension plans need to be cancelled, while people who have not accumulated enough money should be financially secured with versatile parish relief fund.
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