Directions for improving the pension provision of the population of the northern regions of Russia, taking into account the experience Northern European country

Abstract

The relevance of improving pension provision in the North of Russia is due to the relatively low level of social security for the retirement-age population living in these regions. The main research methods used were a comparative analysis of national pension systems in Northern European countries and an institutional analysis of norms that take into account the regional specifics of living and working conditions of the population. The article analyzes the pension system of Russia in terms of taking into account the Northern specifics of living and working conditions of the population; conducted comparative analysis of pension systems in the Northern European countries regarding pension provision for the population in which the identified benefits of pension coverage of population of Northern regions of different countries; the directions of improvement of national pension system in terms of its application in the conditions of Northern regions of Russia. The article suggests the following ways to improve pension provision in the North of Russia. First, it increases the dependence of the pension level on the amount of wages, as well as on the factors that determine the remuneration of working pensioners. Secondly, it is advisable to encourage the transition from a consumer model of behavior to a savings model. Third, the increase in pension payments of the population, the amount of which would take into account the increase in prices for goods and services.