Pudova D.O. Financial Research Institute of Ministry of Finance of Russian Federation, Moscow, Russian Federation firstname.lastname@example.org
Importance The article discusses the practice of using funded pension schemes in the Netherlands, Denmark and Sweden. Objectives I perform a comparative analysis of methods that exist in OECD countries to involve citizens into mandatory/quasi-mandatory pension plans. I review the mandatory/quasi-mandatory format of pension plan formation. The article also presents my analysis and summary of the relevant experiences in the Netherlands, Sweden and Denmark. Methods To accomplish the objective, I use information, analytical materials and laws of OECD countries. Results Analyzing the best foreign practices of promoting the pension plans among the population, I provide the scientific and methodological rationale how the best foreign practices can be used in the Russian Federation to involve the population into mandatory/quasi-mandatory pension schemes. The article presents my proposals for promoting non-governmental pension plans in the Russian Federation. Conclusions and Relevance The quasi-mandatory model of pension plans can be used only if it proves beneficial in terms of public involvement, coverage, efficiency, distribution of the risk exposure and costs.
Keywords: quasi-mandatory pension schemes, mandatory insurance, OECD, individual pension capital
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