Replacement Rate of Retirement Pension: the Conflict of Macroeconomic and Social Objectives
The replacement rate serves in practice of activity of the state pension systems as the major indicator of efficiency of insurance pension system as he allows to estimate level of replacement by pension of the lost earnings of the worker. At carrying out of the international comparisons the replacement factor is used as the basic indicator of level of provision of pensions. Therefore replacement rate even more often suggest to consider as a target reference point in the course of reforming of pension system. In article the design procedure of factor of replacement for Russia according to the international standards, results of the executed calculations for the purpose of their approbation taking into account characteristics of the insured persons and an analytical estimation of conformity of level of replacement rate to the minimum international norms of social security is described developed by the author for the first time in the Russian science and practice.