Abstract
The implementation of the concept of «social treasury» through the formation of a single social security fund in Russia is currently being realized through the creation ofthe Pension ana Social Insurance Fund. Objectively, this transformation of state extra-budgetary funds is impossible without an appropriate regulatory framework, the basis of which is Federal Law No. 236-FZ «On the Pension and Social Insurance Fund of the Russian Federation», adopted on July 14, 2022. Purpose: to analyze the prospects for the centralization ofthe system of public administration of social benefits, to assess the consequences ofthe introduction of such a mechanism from private law and state (public) positions. Methods: empirical, theoretical, specific scientific methods. Results: the conducted research allows us to trace the evolution ofthe idea and prerequisites for the creation of a unified social security system, to assess the prospects for further improvement of themechanism for implementing the social function of the state.
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