Programme

PROSPECTS FOR THE DEVELOPMENT OF A THREE TIER PENSION SYSTEM IN RUSSIA

Realizing Russia's Competitive Edge
Panel Session
Mercedes Bar

Moderator:
Oleg Kiselev , President, Renaissance Life; Member of the Board, Non-Government Pension Fund Renaissance Life & Pensions

Panellists
Alejandro Bonilla-Garcia , Director of the Social Security Department, International Labour Organization
Anton Drozdov , Chairman of the Board, Pension Fund of the Russian Federation
Irina Lisitsyna , President, Non-Government Pension Fund of the Electric Power Industry (NPF Elektroenergetiki)
Yury Lyublin , First Vice-President, National Association of Non-State Pension Funds Self-Regulatory Organization Nonprofit Partnership
Vladimir Nazarov , Head of Budget Policy Department, Gaidar Institute
Michal Rutkowski , Russia Head, World Bank
Jean-Pierre Thomas , President, Thomas Vendome Investment

Broadcast

Key moments

“The participation of average citizens in the creation of both public and corporate [pension] systems is a very promising idea, which has found support in our discussions with both labour unions and employers.”
Anton Drozdov
“Just using all levels of pension provision – the state-run distributive system, individual retirement savings, and corporate pension plans – makes it possible to maintain the replacement ratio (pension to salary ratio) at a respectable level. This is a strategic objective that is common to all countries, and Russia is no exception."
Vladimir Nazarov