JRL NEWSWATCH: “Authorities begin process of raising retirement age” – Bear Market Brief E-Mail Newsletter

File Photo of Elders Walking in Russia

“… the [Russian] government may submit a draft bill to the Duma to raise the retirement age. … suggest[ing] the strictest variant: 65 years for men, 63 years for women. … likely follow[ing] MinFin’s proposal of increasing the retirement age by one year annually. …  Several key decisions … What to do with those who qualify for early retirement … Expanding benefits for women … Tatiana Golikova is adamant that the Duma extend the proposed transition period. … Economist Alexander Safonov … argu[es] … the economy is not ready to digest such a large amount of labor … individuals over 45 will face extreme difficulty finding work.”

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[featured image is file photo from another occasion]