Pension Legislation of CIS Countries: Issues, Trends of Reform

Abstract

This article aims to study the issues of legal regulation of pension relations in the countries of the Commonwealth of independent States, formed in the 90-ies of the last century their national pension legislation and national pension systems. Identifies the organizational foundations of pension systems and pension problems of citizens in the existing pension models by different countries, as well as the factors driving them. The authors used the method of comparative analysis of the rules and norms of pension laws in CIS countries. Analysis were selected on the basis of their conformity occurring in these countries socio-economic changes, changes in the demographic situation, intensify migration processes. minimum level of pension provision in each country of the Commonwealth of independent States, in the context of its compliance with minimum international standards. The results obtained led to the conclusion that the CIS countries within the framework of the existing pension legislation, it was not possible to reach an acceptable level of pension security of its citizens. The level of pensions in most CIS countries remains woefully low, does not meet minimum international standards. In the dynamics of consider the conditions that determine entitlement to a pension in pension legislation in different CIS countries. The analysis showed a trend of increasing requirements to retirement age and the required seniority.

Researched the State of voluntary pension insurance in CIS countries and the legal regulation of these processes. The analysis showed a weak development of accumulative elements at both the legislative and institutional level. In this regard, the necessity of modernizing existing pension legislation in the direction of the development of insurance of accumulative pension system elements, in accordance with advanced foreign practices.