Economic Mechanisms of Population Protection Against Pension Risks as a Tool for Socio-Economic Development of the Region

Grigoryeva, Lyubov; Gorshkova, Natalya; Mytareva, Leyla

doi:10.15688/jvolsu3.2017.1.4

Cited by 5 publications

(6 citation statements)

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“…Within this study, alternative pension capital refers to trust funds of individual/family/household funds and material assets formed through financial and non-financial instruments not directly intended for this (Grigorieva et al, 2017).…”

Section: Alternative Pension Capital: Concept Formation Mechanismmentioning

confidence: 99%

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Alternative Pension Capital: Opportunities Of The Russian Financial Market

Yalmaev¹

2021

European Proceedings of Social and Behavioural Sciences

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Due to the failure of the Russian pension reform, the population of the country faces the urgent need of finding other sources for the formation of individual pension capital. To do this, financial and nonfinancial instruments may be used that are not part of the state pension protection system. Thus, this concerns the formation of alternative pension capital. The paper describes the economic mechanism of the above capital, the principles of its formation. The key principle of allocating the financial capital of an individual as an alternative pension is targeting. It was this that formed the basis of further empirical research and made it possible to select the optimal financial instruments available to the population in the Russian financial market. The concentration of attention on individual investment accounts (IIA) and bank deposits showed the high prospects of the former. This is caused by an increase in the level of accessibility of this instrument (development of financial infrastructure), higher level of profitability, and the availability of tax incentives. Deposits in this case lose, since the level of real profitability is falling, and since 2021, income from deposits over 1 million rubles will be taxed on the income tax, but this does not indicate the complete futility of this instrument. Another area is the creation of pension deposits in commercial banks. They also take into account the long-term nature of investments and are more attractive to people with a conservative pension strategy and low disposable income.

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Section: Alternative Pension Capital: Concept Formation Mechanismmentioning

confidence: 99%

“…3) lack of regulation of these relations by pension legislation; 4) financial and non-financial assets (Grigorieva et al, 2017).…”

Section: Alternative Pension Capital: Concept Formation Mechanismmentioning

confidence: 99%

Alternative Pension Capital: Opportunities Of The Russian Financial Market

Yalmaev¹

2021

European Proceedings of Social and Behavioural Sciences

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“…Different mechanisms are used to organize systems of pension protection for population (Grigorieva, Gorshkova, & Mytareva, 2017) (figure 1). They are determined by the historical development of the pension system, peculiarities of economic relations in the country and other factors.…”

Section: The Architecture Of Pension Protection For Population In Eeu Participating Countriesmentioning

confidence: 99%

“…Basing on these, every country, applying a certain set of elements, constructs its own specific architecture of the pension protection for population. (Grigorieva et al, 2017) As practice of pension organization shows, when the national system of pensionary protection of population is organized, governments of countries apply combination of several economical mechanisms creating a complex structure. The most popular is simultaneous combination of 3 economic mechanisms: state pension provision (its aim is providing population with minimal social pensions, state pensions for certain groups of population (for example, military emploees, government emploees and so on), compulsory pension insurance and non-state owned pension insurance (provision).…”

Section: The Architecture Of Pension Protection For Population In Eeu Participating Countriesmentioning

confidence: 99%