The efficiency of administration of insurance payments and prospects of development of the pension system

The article is devoted to the issues of budget formation for the Pension Fund of the Russian Federation. The timely and full payment of insurance contributions by policy holders to the Pension Fund of the Russian Federation is a prerequisite for implementing statutory mandatory expenditures on mandatory pension insurance. Insurance contributions are the main source for financing pensions. Budget expenditures of the Pension Fund of the Russian Federation in part exceed the funds from the payment of insurance contributions, including non-payment of accrued insurance payments by policy holders to the mandatory pension insurance for insured persons. This is compensated to the Pension Fund of the Russian Federation at the expense of budget appropriations and accounted for in the funds allocated for covering the budget deficit of the Pension Fund of the Russian Federation. The pension legislation defines the essence and purpose of insurance contributions as individually compensatory mandatory payments which ensure the rights of citizens to receive pensions by mandatory social insurance in the amount equivalent to the volume of insurance contributions in monetary terms, posted to the individual personal account of the insured person. In other words, after terminating employment and going on retirement, the accumulated capital will be returned to the employee by means of a monthly pension. The size of the citizen's future pension depends on the amount of insurance contributions, as reflected on the individual account balance. The more insurance contributions the employee makes, the larger the pension will be. The examining of issues concerned with the administration of insurance payments to the Pension Fund of the Russian Federation is connected to the above mentioned necessities. Given that insurance contributions form the budget of the Pension Fund of the Russian Federation, it is imperative that the amount of contributions, control over their payment, and control over the developing pension rights of employees (length of service and earnings) is in "one hand". Thus, responsibility for violations of legislation on mandatory pension insurance for employers and payers of insurance contributions must be proportionate to the volume of social obligations of the state, as well as to current retirees and future retirees. The capacity of the budgets of the Pension Fund of the Russian Federation depend on how effectively bodies of the Pension Fund of the Russian Federation organize the administration of insurance contributions, and, consequently, the financial provision of state social obligations, in particular the timeliness of pension payments, and the possibility for annual indexing, increasing the size of pensions to a level no lower than those in developed countries. The effective administration of insurance contributions is one of the tools to reduce the budget deficit of the Pension Fund of the Russian Federation. The article analyzes the dynamics of nonpayment of insurance premiums on mandatory pension and mandatory medical insurance in Tomsk region enterprises. We investigated the mechanisms of collecting insurance contributions, defined their shortcomings, and formulated and proposed ways to solve the identified problems. Analysis of the practice of the administration of insurance payments in the instance of the Department of the Pension Fund of the Russian Federation for the Tomsk Region showed that despite multiple reductions in the amount of debt in the three years of the Pension Fund of the Russian Federation, the absolute debt value continues to rise, in part because of the administration of insurance payments. This means that the measures envisaged by the law on insurance contributions are not enough. The development of the pension system and its effective functioning depend not only on the development of the organizational systems of administering insurance payments, but also on a conscientious attitude of payers of insurance contributions to their responsibilities. It is necessary, on the one hand, to strengthen the functions of control and responsibility for violation of pension legislation by contributor-debtors. On the other hand, the problems of implementation of insurance principles for development of the pension system cannot be resolved without the economic interest of each participant of the pension system (the insured-employee and the insurant-employer, insurer). Also imperative is the creation of adequate conditions for the creation of private sources of financing the accumulated state obligations and the capabilities to ensure private obligations at the established rate, as well as an effective macroeconomic state policy, the result of which should be sustainable, positive demographic trends, rising incomes, et cetera. The main outcome, achieved as a result of the research conducted is to identify the range of economic relationships, events, and programs which will stimulate the development of factors which have a significant impact on the development of the pension system of the country: 1. Socio-demographic (the ratio of the number of pensioners to the economically active population, number of employees, the cost of living for pensioners, et cetera). 2. Labor factors (length of employment, the payment period for insurance contributions, the size of payments to the benefit of the employee, average income, the minimum subsistence level of the working, et cetera). 3. Macroeconomic factors (GDP, income of the population, the share of population's income in GDP, the share of GDP devoted to pensions, expenditure on pensions).

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