INSTITUTIONAL REFORM OF THE FUNDED PENSION AS A FACTOR FOR MINIMIZING MACROECONOMIC RISKS
In the work, an actuarial analysis was carried out, which revealed objective reasons for the inefficiency of the funded pension insurance model, the main of which are external to the pension system itself: macroeconomic (low salary, limited and narrowing labor market, high inflation, high level of salary differentiation, in which the vast majority of employees cannot create individual pension rights even for the average survival period for the period of insurance pension payment; demographic (low duration of the able-bodied period of life relative to the period of survival).