Analysis of the financial impact of changes in Russian legislation on the state social insurance against temporary disability and maternity

The article examines the problem of the accumulation and expenditure of trust fund money within the state social insurance program in cases related to temporary disability and maternity. Based on factual materials, the consequences of decisions made at the legislative level in the area of employee insurance coverage during periods of temporary disability, maternity and childcare are analyzed. The focus of the reform mechanism to create a financial basis for the Social Insurance Fund is justified, and is aimed at providing the fund with its own resources, so that insurance does not involve transfers from the state treasury. In the last decade, changes which were made to the system of state social insurance in cases related to temporary disability and maternity were aimed at developing an efficient mechanism for the creation and utilization of trust funds from the Social Insurance Fund of the Russian Federation. The fund enables a person to be provided with high quality of life, as well as to understand his or her constitutional rights to health, financial security during periods of temporary disability, pregnancy and maternity, and caring for a child for up to 1.5 years. However, work in this area waned during reforms to the Social Insurance Fund’s financial situation, and the situation is currently characterized by the destabilization of the financial budget, along with a reduction in the level of government guarantees and, as a consequence, the level of social protection of employees.

Keywords

Authors

References