Providing appropriate financial security for retirement is an issue of crucial importance to OECD Member and non-member countries alike. The approaches adopted to implement the necessary reforms vary depending on each country’s economic, social and demographic environment. Increasingly,...

Pensions refer to payment made to a person (or their dependants) after retirement. Pension systems vary across countries and no single model fits all. Generally, there is a mix of public and private pension provision. Public pensions are statutory, most often financed on a pay-as-you-go basis...

The Russian Federation has undergone a major reform of the pension system which has resulted in a shift from a single, publicly managed system to one supplemented by a mandatory, privately managed occupational funded component and voluntary pension arrangements. The reform aimed to tackle a set...