The recent pension reform introducing a multi-pillar pension system signals a major shift in pension provision in Russia, from a defined benefit pension scheme to a defined contribution pension system. The reform intends to address several problems found in the old pension system: (1) very complex and overlapping benefit formulas and generous eligibility conditions, including early retirement for many occupations, (2) mixed distribution/insurance/savings...
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INFORMATION
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2002/11/01
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Document de travail
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29017
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1
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1
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2010/07/01
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Pension reform In Russia : design and implementation
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pay as you go system
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