Reserves of Efficiency of the Pension System under the New Pension Reform

Pension system operating depends on many factors, and the isolated consideration of action on the pension system through the prism of the effects, for example, demographic factors, without taking account of other factors such as macroeconomic, inevitably fixes the fact of instability of the Russian pension system on long-term prospect. To become effective, the pension system should cooperate with economy on parity conditions, instead of on the leftover principle, and not be used as the tool of regulation of the state budget deficit. Thus the pension system should be considered not as a burden for economy, but as its necessary part. And if reserves of its efficiency increasing are used full-fledged, as actuarial calculations show, it is possible to reduce the insurance tariff and to double pensions, and to soften demographic transition.