It is the largest organization of Russia to provide socially important public services to Russian citizens.

The Russian Pension Fund experienced three major changes from the Soviet system to the modern one throughout the 1990s and early 2000s.

These reforms would combine the set pension for elderly and disabled with the pay-as-you-go system, simplifying the overall fund.

[7] This system had numerous issues throughout the 2000s, as a low retirement age along with inability to properly invest funds, led to deficits in the pension budget.

This push led to multiple programs designed to encourage private savings for citizens, and for employer based pensions separate from the government's budget.

[8] The payment system of the Russian Pension Fund however, is viewed as instable in the long run at the given standard, with a raise in the retirement age being cited as the easiest and most prevalent issue to solve.

Fear of losing pensions, or of longer careers than intended, fuel popular resentment of politicians aiming to change the system.