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Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alternatives that would ensure public pension benefits - relative to wages - not fall from current levels while containing spending.

Business & Economics --- Labor & Workers' Economics --- Pension trusts --- Pensions --- Government policy --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Employee pension trusts --- Pension funds --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Trusts and trustees --- E-books --- Labor --- Public Finance --- Demography --- Fiscal Policy --- Social Security and Public Pensions --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Nonwage Labor Costs and Benefits --- Private Pensions --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Retirement --- Retirement Policies --- Health: General --- Population & demography --- Labour --- income economics --- Health economics --- Pension spending --- Aging --- Pension reform --- Expenditure --- Population and demographics --- Health --- Population aging --- Russian Federation --- Income economics

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Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of government expenditure. Second, population aging means that reforms would be needed just to keep pension spending from rising in the future. Third, in many economies, low or falling pension coverage will leave large segments of the population without adequate income in old age and at risk of falling into poverty. Although a number of studies have assessed the effects of pension reforms on fiscal sustainability, a systematic analysis of equity issues in pension systems—and how countries have grappled with these issues—has yet to be undertaken. This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world. Some of the key issues covered include: the effect of pension systems on intergenerational equity and the impact of pension reforms on poverty, the effects of pension reform measures on fiscal sustainability and equity, and the fiscal consequences of achieving different equity goals. It also presents country case studies. The volume provides a rich menu of material to assist policymakers and academic audiences seeking to understand the latest research in this area, as well as the lessons and challenges for the design of reforms.

Insurance. --- Pensions. --- Retirement income. --- Social security -- Finance. --- Pensions --- Retirement income --- Business & Economics --- Labor & Workers' Economics --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Income --- Annuities --- Social security individual investment accounts --- Vested benefits --- E-books --- #SBIB:316.8H40 --- #SBIB:35H437 --- Sociaal beleid: social policy, sociale zekerheid, verzorgingsstaat --- Beleidssectoren: sociale zekerheid --- Singapore --- Labor --- Macroeconomics --- Public Finance --- Demography --- Poverty and Homelessness --- Social Security and Public Pensions --- Nonwage Labor Costs and Benefits --- Private Pensions --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Retirement --- Retirement Policies --- Aggregate Factor Income Distribution --- Population & demography --- Labour --- income economics --- Public finance & taxation --- Pension spending --- Aging --- Pension reform --- Expenditure --- Population and demographics --- Population aging --- Wages --- Poverty --- Income economics

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Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.