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RANEPA foresees a drop in pensions by 2050

RANEPA foresees a drop in pensions by 2050

The drop in pensions in relation to the income level of citizens from the current 31% to 27% in 2050 is predicted by RANEPA scientists Yuri Gorlin and Viktor Lyashok, on December 15 in their article in the journal Economic Issues.

In the article “Factors of long-term pension growth”, scientists predict a drop in the level of pension payments to the population from 31% to 27% by 2050. They believe that given the current dynamics, this is inevitable . They also propose taking a set of measures to change this trend.

Gorlina and Lyashok propose the following measures: an increase in the rate of insurance premiums, the introduction of a moratorium on new benefits for insurance payments, an increase in the length of service for retirement and others.

There are no painless ways to increase pensions, say scientists.

Recall that in 2018 Russia initiated a pension reform, one of the stated goals of which was to increase citizens’ pensions.

Source: Rossa Primavera

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