Challenge 3 -Population ageing-. Justification of the retirement age in compulsory pension insurance system of the Russian Federation

This report analyzes the main external (demographic and macroeconomic) and internal conditions and factors affecting the functioning of the compulsory pension insurance system (CPIS) of the Russian Federation. It demonstrates significant regional and gender differences in key indicators related to increase in the retirement age, identifies the restrictions on its increase, and identifies the potential impacts of implementing of this measure on the level of pensions, the Pension Fund’s budget and the federal budget.