Specialists from the Russian Academy of Sciences have voiced the possibility of another pension system alteration in the coming two decades.
Citizens of Russia are recommended to get ready for the upcoming pension system adjustment in the subsequent 20 years.
The consequence of elevating the retirement threshold, implemented in 2018, will completely dissipate by 2045, as per specialists from the Russian Academy of Sciences. The reason lies in the aging population: the numerous generation from the late Soviet era is entering retirement, and there are insufficient individuals to support them, since the population born following the 1990s is notably less numerous.
The demographic load on the working population will climb from 37% to 51%, bringing the nation back to levels preceding the initial alteration. Presently, the Social Fund is finding it difficult to manage the strain and is only able to finance 70% of disbursements via contributions, while the deficit must be addressed with yearly allocations from state coffers amounting to 3.7 trillion rubles.
