Public-private partnership in the form of pension investments abroad and in Russia

Abstract

International experience shows that pension savings as long-term sources of finance provide the possibility of resolving two issues at the same time: investing in the real economy and receiving acceptable dividends by the investors, that is future pension benefits. Government, economically active population and the businesses participating in defined contribution pension plans and investing, those being pension investors, can be considered as participants in public-private partnership. At the same time, the current pension system in Russia is not a partnership. Making reasonable amendments with the application of international experience to the pension system reforms in Russia may change the situation for the better.