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This article discusses the pension systems in the member states of the Group of Seven (G-7). A comparative analysis of pension protection is provided. The emphasis is made on the basic to funded components ratio. The options for pension reforms are also considered. Based on the G-7 countries' experience study, a conclusion is made on the prospects of reforming the pension system in Russia. DOI: 10.5901/mjss.2015.v6n4s4p388

The Pension Systems in the Group of Seven Countries: The Current State, Prospects of Development, and References for Russia