Regional Social Insurance Funds: Specificities of Reserving Funds

DOI

10.2991/cssdre-19.2019.108How to use a DOI?

Keywords

Social Insurance Fund, funds for the implementation of compulsory social insurance against industrial accidents and occupational diseases, financial reserves of the Social Insurance Fund

Abstract

To the present moment, the procedures for the reservation of funds in regional social security insurances haven’t been studied in depth, and they are rather rarely described in the scientific literature. Meanwhile, it is the availability of reserves that makes it possible to classify this field of activity as insurance activity. Reserves provide a certain level of financial stability of the economic system, and, consequently, its functional safety. If reserves are available, we can talk about leveling possible risks with their help. Since the very beginning of the system of social insurance in Russia, a reserve of funds for the implementation of compulsory social insurance against industrial accidents and occupational diseases has been provided. The reserve fund has been accumulated for more than fifteen years, but so far there has been no statistics published as to either the movement of the funds, or the description of the directions of their use, or its annual dimensions and fluctuations in scientific publications. The poor knowledge of properties of the reserve fund leads to the situation when, even at the level of federal reporting forms, there is sometimes no distinction between the reserve fund and temporarily free financial resources. Information on the movement of the reserve funds is included in the sections “Fund Revenues” or “Fund Expenditures”, meanwhile, the reserve is an independent economic category, which can not be described in terms of either expenditure or income. The information on the reserve fund in question which is offered in the regional offices of the Social Insurance Fund is even more scarce. This data is not published frequently. This article describes the contradictions between the purpose of the Reserve Fund, the directions of its spending, as well as the place of the reserve fund in the classification of financial reserves. The author gives some information about reserving in the Volgograd branch of the Social Insurance Fund (SIF) of the Russian Federation.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Margarita Irizepova
PY  - 2019/06
DA  - 2019/06
TI  - Regional Social Insurance Funds: Specificities of Reserving Funds
BT  - Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)
PB  - Atlantis Press
SP  - 561
EP  - 565
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-19.2019.108
DO  - 10.2991/cssdre-19.2019.108
ID  - Irizepova2019/06
ER  -