| Abstract: | Conclusion If current pension laws remain in force, it is already clear that the financial problems facing the state pension scheme are bound to deteriorate further. Unlike countries such as Poland and Hungary, Russia must make the required changes against the background of declining national income, making this task far more difficult. So far, old-age pensions have failed to keep pace with wages. The fact that the real value of pensions has halved since the outbreak of the financial crisis is clear evidence that pensioners are one of the groups of the Russian population that has suffered most from the repercussions of the crisis. |
