The financial authorities are concerned about deficit of the pension system. But the inefficiency of the pension system easy explain due to the legislation, which lobbies for the interests of the business of selling real estate in metropolitan areas. Such legislation does not require the declaration expense on property in RF or abroad. There are still legislation on contributions into the funded part of the pension system for the Russians who were born after 1967. Therefore, illegal employment of migrants increased especially in construction and retail business. And so grown up: the shadow economy; deficit of the pension system; budget deficit in Moscow.