Abstract

The aim of the study is an attempt to substantiate the impact of the transformational crisis of the Russian economy on the reform of the pension system in the 1990s, to reveal the mistakes in the formation of the post-Soviet pension system and the shortcomings of the current practice of pension provision. As a methodological basis for the study, the authors use statistical analysis of socio-economic indicators of this period and an analysis of legal documents, federal laws and scientific literature devoted to studying the development of the pension system in the Russian Federation. As a result of the research, new approaches have been developed to assess and determine the main stages in the formation and development of the Russian pension system in the 1990s with a detailed description of the reforms and problems of the transformational economic crisis, default, denomination, impoverishment of the population in conditions of hyperinflation. The authors analyze the relationship between demographic policy, income policy, economic development and the evolution of the pension system in Russia in the context of a transformational socio-economic cperiod from 1991 to 1999, and the causes of the collapse of the Russian Pension System in the 1990s, among which the main ones are a significant increase in the proportion of pensioners among the population, an excess of state budget expenditures over income, an increase in the state financial pension burden, and the absence of a direct relationship between income and the size of the accrued pension. The paper summarizes the advantages and disadvantages of the pension system in the Russian Federation. The research conclusions are compared with the conclusions of foreign and domestic authors specializing in this topic. The recommendations developed by the authors may be used by public authorities to improve the pension system.risis. The study highlights the factors of the growing crisis state of the Russian economy in the

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