Kazan (Volga region) Federal University, KFU
KAZAN
FEDERAL UNIVERSITY
 
NON-STATE PENSION FUNDS IN THE RETIREMENT INSURANCE SYSTEM OF THE RUSSIAN FEDERATION: TRENDS AND PROSPECTS
Form of presentationArticles in international journals and collections
Year of publication2015
Языканглийский
  • Kulakova Sofya Alekseevna, author
  • Sabitova Nadiya Mikhaylovna, author
  • Sharafutdinova Irina Rafailovna, author
  • Bibliographic description in the original language Sabitova Nadia, Kulakova Sofia, Sharafutdinova Irina, Non-State Pension Funds in the Retirement Insurance System of the Russian Federation: Trends and Prospects//22ND INTERNATIONAL ECONOMIC CONFERENCE OF SIBIU 2015, IECS 2015 ECONOMIC PROSPECTS IN THE CONTEXT OF GROWING GLOBAL AND REGIONAL INTERDEPENDENCIES. - 2015. - Vol.27, Is.. - P.224-229.
    Annotation Early 1990s, the Russian finance system started to integrate with the global finance system. The previous finance institutions, primarily the governmental institutions, underwent rearrangement plus the system became new ones such as commercial banks, investment companies, macrofinancial organisations, non-state pension funds and others. One of the key financial institutions of the governmental finance system is the pension funds. Historically, the Russian pension system was controlled by the government. In December 1990, the Pension Fund of Russia was established, which is obligated to insure pensions of individuals. In 1992, the Edict of the President of the Russian Federation “On Non-State Pension Funds” initiated the process of their buildup, which started in 1993. Near 20 years have elapsed, the non-state pension funds did not take any relevant place within the Russian financial system regardless numerous reforms in the retirement insurance system.
    Keywords pension fund; financial market; financial institution; financial system; retirement insurance
    The name of the journal Procedia Economics and Finance
    URL http://www.sciencedirect.com/science/article/pii/S2212567115009946
    Please use this ID to quote from or refer to the card https://repository.kpfu.ru/eng/?p_id=140283&p_lang=2

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