Ampovska, Marija and Kilinkarova, Elena and Miseva, Kristina and Nogaylieva, Fatima and Polenchuk, Maria (2022) Private pensions funds in North Macedonia and Russia. Vestnik of Saint Petersburg University. Law 3, 13 (3). pp. 725-739. ISSN 2587-5833
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Abstract
The article focuses on the reform of the pension systems in North Macedonia and Russia, which resulted in switch from one-pillar to multi-pillar pension systems, and current legal and institutional architecture in both legal systems with emphasis on private pension funds which are widely recognized as the core drivers for the improvement of the living standards of retirees. The article starts with the general overview of Macedonian and Russian pension systems which provides the necessary background for understanding of the legal regime of private pension funds. The general overview of the pension systems is followed by the detailed analysis of the legal status of private pension funds in both countries, with more attention being paid to the experience of North Macedonia where private pension funds play a more important role in the pension system. In Russia private pension funds have shown their positive effect, but their coverage in general is still moderate. The overview of general rules of taxation of contributions to private pension funds and pensions concludes the article. The comparative research allowed to make the conclusion that both countries have made different progress in moving to a three-pillar pension system especially from the viewpoint of the established legal and institutional framework, and the establishment and operation of the private funds, both mandatory and voluntary
Item Type: | Article |
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Subjects: | Social Sciences > Law |
Divisions: | Faculty of Law |
Depositing User: | Marija Radevska |
Date Deposited: | 24 Nov 2022 12:04 |
Last Modified: | 24 Nov 2022 12:04 |
URI: | https://eprints.ugd.edu.mk/id/eprint/30542 |
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