Abstract
The paper presents a project for organizing the transition of Russian citizens to the financing of an old-age labor pension using personalized pension accounts. On the basis of the simulation model of the financial provision of the old-age labor pension, a simulation of the accumulation of financial resources in the accounts of citizens was performed, proving the effectiveness of the development. It is shown that due to the funds accumulated on a personalized pension account, the amount of monthly pension provision of the employee increases annually, which encourages citizens to increase labor productivity, and the state-to reduce contributions to the Pension Fund of the Russian Federation, which reduces the cost of production at all enterprises in Russia and contributes to their accelerated development.
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