RUSSIALINK: “Zyuganov calls for gathering political elites in Kremlin, scrapping pension reform” – Interfax

File Photo of Kremlin Aerial View, adapted from .gov source

MOSCOW. Sept 25 (Interfax) – Russian Communist Party leader Gennady Zyuganov has declared the necessity of a meeting between President Vladimir Putin and the political elites to discuss the domestic situation, including the possibility of scrapping the pension reform. “Once again, I insist that he [the president] gather influential people in the Kremlin so that we could discuss the unfolding […]

» Read more

RUSSIALINK: “Authorized protest against higher retirement age held in Novosibirsk” – Interfax

Cash, Calculator, Pen

NOVOSIBIRSK. Sept 13 (Interfax) – A protest against the higher retirement age took place in Novosibirsk on Thursday at the initiative of the Novosibirsk regional federation of trade unions. ‘The organizers expected a 3,000 turnout, yet the Interior Ministry counted 600 people at the rally,” Novosibirsk city administration spokesman Sergei Polyansky told Interfax. The chair of the Novosibirsk regional federation […]

» Read more

JRL NEWSWATCH: “Fury Over Pension Changes Hurts Putin Allies in Russian Regional Elections” – Reuters

Russia Regions Map

“Russia’s ruling United Russia Party suffered a rare setback in regional elections despite winning most of the seats, a reversal its leaders and election chiefs blamed on unpopular plans to raise the pension age. … [R]esults in weekend voting for heads of about one third of Russia’s regions were the worst for United Russia … since elections for regional leaders […]

» Read more

JRL NEWSWATCH: “Russian Fury Over Pension Age Hike Clouds Moscow Mayoral Election” – Reuters

Sergei Sobyanin file photo

“Polls show … [that Sergei Sobyanin] will comfortably be re-elected Moscow’s mayor on Sunday, but public anger over planned increases to the nationwide pension age means many voters may stay away, tarnishing his win. … [in] the first test at the ballot box for the authorities since Putin, whose popularity has tumbled by around 15 percent due to anger over […]

» Read more

RUSSIALINK: “A Just Russia offers Communists to pool efforts for pension referendum – Mironov” – Interfax

Russian State Duma Building file photo

ROSTOV-ON-DON. Sept 3 (Interfax) – The parliament factions of the Russian Communist Party and A Just Russia should pool efforts to make the pension referendum happen, A Just Russia’s faction leader Sergei Mironov said at a press conference in Rostov-on-Don. “I have offered our Communist Party colleagues in the State Duma to combine efforts [towards holding the referendum]. Clearly, everything […]

» Read more

RUSSIALINK: “Liability for firing people of pre-pension age may bar them from employment – FNPR head” – Interfax

File Photo of Empty Chair and Desk with Computer, adapted from image at osha.gov

MOSCOW. Aug 31 (Interfax) – The introduction of criminal liability for employers who dismiss people of pre-pension age may have a negative effect on workers, Mikhail Shmakov, the head of the Federation of Independent Trade Unions of Russia (FNPR), said. “We need to be very careful about the proposal to introduce criminal liability for employers hiring or dismissing people of […]

» Read more

Ladies’ Man: Putin Cites ‘Caring Attitude’ In Pension-Reform Concession

Cash, Calculator, Pen

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Carl Schreck – Aug. 29, 2018 – also appeared at https://www.rferl.org/a/ladies-man-putin-cites-caring-attitude-in-pension-reform-concession/29460024.html) Russian President Vladimir Putin reserved the weightiest of his cautious concessions on a controversial pension-reform plan for Russian women, who outnumber their male counterparts by 10 million and live — and vote — considerably longer. Citing what he called […]

» Read more

JRL NEWSWATCH: “Putin Dials Back Pension Plan After Backlash” – Wall Street Journal/Ann M. Simmons

File Photo of Kremlin Aerial View, adapted from .gov source

“… Putin softened a plan to raise pension ages to bolster state finances, a rare backtrack following a public outcry that cut his approval ratings to the lowest level in more than four years. … Putin proposed that the pension age for women be increased from 55 to 60 instead of the 63 years proposed by parliament. He didn’t propose […]

» Read more

RUSSIALINK TRANSCRIPT: “The [Russian] President’s address to Russian citizens [re pension reform]” – KremlinRu

File Photo of Kremlin Aerial View, adapted from .gov source

(Kremlin.ru – August 29, 2018 – en.kremlin.ru/events/president/news/58405) President of Russia Vladimir Putin: Citizens of Russia, friends, On June 16, 2018, the Government submitted to the State Duma a draft law on reforming the pension system, and on June 19, the draft passed its first reading in Parliament. The law’s main purpose is to ensure that the pension system remains sustainable […]

» Read more

RUSSIALINK: “The State Duma Debated Pension Reform. Here’s What You Need to Know; Russian experts review the State Duma’s two-day discussion on the unpopular bill” Moscow Times/EVAN GERSHKOVICH

Russian State Duma Building file photo

(Moscow Times – themoscowtimes.com – EVAN GERSHKOVICH – August 22, 2018) The State Duma convened this week to discuss the widely unpopular pension reform bill announced earlier this summer. Under the proposed bill, the retirement age for men would increase from 60 to 65 years by 2028, and from 55 to 63 by 2034 for women. Opponents of the proposal […]

» Read more

Yes Or No: Is A Referendum In The Cards Over Russian Pension Reform?

Arm and Torso of Person in Brown Sweater Placing Paper Ballot into Ballot Box

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Lyubov Chizhova, Robert Coalson – MOSCOW, August 10, 2018 – also appeared at rferl.org/a/yes-or-no-is-a-referendum-in-the-cards-over-russian-pension-reform-/29426658.html) It has been a quarter century since the Russian government asked its citizens their opinion on anything in a formal national referendum. But a proposed referendum on the hot-button issue of raising retirement ages moved one […]

» Read more

Not So United: Russia’s Ruling Party Rattled By Pension-Reform Crisis

File Photo of Kremlin Aerial View, adapted from .gov source

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Yelizaveta Mayetnaya, Robert Coalson – August 5, 2018 [Text with links and graphics: rferl.org/a/not-so-united-russia-ruling-party-rattled-by-pension-reform-crisis/29413547.html] Speaking to a riled-up crowd at a July 28 protest against the Russian government’s deeply unpopular proposal to raise retirement ages in Vologda, angry pensioner Nikolai Zharavin didn’t mince words as to who was to […]

» Read more

Will Pension Protests ‘Take Down’ Putin?

Cash, Calculator, Pen

(Russia Matters – russiamatters.org – August 2, 2018 – Simon Saradzhyan – russiamatters.org/blog/will-pension-protests-take-down-putin) Simon Saradzhyan is the founding director of the Russia Matters Project at Harvard Kennedy School’s Belfer Center for Science and International Affairs This summer’s polls have not been kind to Vladimir Putin and for good reason. The Russian authorities’ drive to raise the country’s pension age has […]

» Read more

JRL NEWSWATCH: “Russians ready to protest pension reform, ratings of ruling United Russia drop” – bne Intellinews

File Photo of Putin Sitting at Desk, Looking Down, Writing, During Call-In Show, adapted from screenshot of video at kremlin.ru

“… discontent over controversial pension reform … keeps on snowballing … the readiness of Russians for mass protests over economic policies has risen from a record low to top 40% for the first time since 2009 …. approval indicators for the government have fallen across the board. Putin’s … personal popularity … underpin[g] the stability of the Russian political system, […]

» Read more

There is No “Reform” in Russia’s Recent “Pension Reform” Bill | Interview with Evgeny Gontmakher

Cash, Calculator, Pen

(PONARS Eurasia – Maria Lipman, Evgeny Gontmakher – July 26, 2018) [Text of interview here ponarseurasia.org/article/there-no-reform-russias-recent-pension-reform-bill-interview-evgeny-gontmakher] Maria Lipman speaks with Evgeny Gontmacher about the political and socioeconomic implications of raising the retirement age. Gontmacher is the deputy director responsible for social policy projects and recommendations at Aleksei Kudrin’s Committee of Civil Initiatives. Over 1992-2003, he held positions as Head of […]

» Read more

Demography Being Abused in Russian Pension Age Debate, Vishnevsky Says

File Photo of Crowd in Russia Including Person Waving Russian Flag with Eagle

(Paul Goble – Window on Eurasia – Staunton, July 22, 2018) Both supporters and opponents of the Russian government’s plan to raise retirement ages frequently invoke demographic statistics; but all too often, Anatoly Vishnevsky of Moscow’s Higher School of Economics, they use these figures incorrectly and thus make it more difficult for Russia to solve some of its problems. In […]

» Read more

JRL NEWSWATCH: “Russian Communists push for a national referendum against raising the retirement age” – Meduza

Arm and Torso of Person in Brown Sweater Placing Paper Ballot into Ballot Box

“Russia’s Central Election Commission has received a notice from the Communist Party about possibly holding a national referendum on raising the country’s retirement age …. [asking] ‘Do you agree that the age in the Russian Federation at which citizens are entitled to old-age social insurance should not increase?’ … the State Duma [has] passed the first reading of draft legislation […]

» Read more

RUSSIALINK TRANSCRIPT: “[Putin] Conversation with 2018 FIFA World Cup volunteers. [Excerpt re: Pension Reform]; During his visit to the Kaliningrad Stadium, Vladimir Putin met with 2018 FIFA World Cup volunteers” – KremlinRu

Cash, Calculator, Pen

(Kremlin.ru – July 20, 2018) * * * Question: Mr President, can I ask you a question not related to sports? Yesterday the State Duma adopted amendments to pension legislation in the first reading. Of course, you monitor the Government’s proposals. It is very important for us to know your opinion on this issue. Remark: Galina, I do not think […]

» Read more

NEWSLINK: “What’s Russia’s average pension? How much money will the government save by raising the retirement age? The surprising numbers behind Russian pension reform” – Meduza

Cash, Calculator, Pen

“… $209 is Russia’s average monthly pension, according to the Pension Fund’s January 2018 records … 31.4% of Russians are pensioners. That’s 46 million people ….”  

» Read more

NEWSWATCH: “Pension reform” – BMB Russia/Aaron Schwartzbaum

File Photo of Kremlin Aerial View, adapted from .gov source

“… Russian authorities have been dithering on the pension system literally for year. … [R]egardless of the character of a loss of benefits, pension reform is exactly that: a loss of benefits. … [T[here is another center-periphery dynamic at play …. The average life expectancy has … increased on average … predominantly [for] … middle-class or wealthy urban dwellers. The […]

» Read more

RUSSIALINK: “Civil Solidarity’s request to authorize rally against pension age increase in Sokolniki on Wednesday approved” – Interfax

Map of Russia and Russian Flag adapted from images at state.gov

MOSCOW. July 18 (Interfax) – The administration of the park Sokolniki has approved a request made by the movement Civil Solidarity to authorize a public event on the territory intended for a ‘hyde park’ on July 18. The topic of the event is “Rally against Pension Age Increase,” the culture establishment said on its official portal. The rally will have […]

» Read more

Governors Back Moscow’s Pension Plan but Seek Exemptions for Their Own People

Russia Regions Map

(Paul Goble – Window on Eurasia – Staunton, July 16, 2018) Caught between the demands of the Kremlin which decides whether they will be in office and the opposing views of their populations that could make their time there easy or difficult, Russia’s governors are simultaneously telling Moscow they support the pension plan but asking it to exempt their own […]

» Read more

Pension Fight Highlights Russia’s Fundamental Problem – Its Government, Gontmakher Says

Cash, Calculator, Pen

(Paul Goble – Window on Eurasia – Staunton, July 10, 2018) The fight over Moscow’s proposal to raise the pension age highlights the fact that Russia’s “main problem is a state [which] doesn’t fulfill its functions of serving” the people. Instead, it acts like an enormous corporation that collects rents and doesn’t distribute them in an effective way, economist Yevgeny […]

» Read more

RUSSIALINK: “Pension age should be increased in smooth, differentiated fashion – Moskalkova” – Interfax

File Photo of Elders Walking in Russia

MOSCOW. July 11 (Interfax) – The pension age in Russia should not be increased for everyone simultaneously, but for every category of pensioners separately, Russian Human Rights Commissioner Tatyana Moskalkova said. “It seems to me it would be premature to approach all categories of citizens directly in this way, at least bearing in mind the monitoring we have conducted. We […]

» Read more

RUSSIALINK: “Pensions in Russia to keep growing after 2024 – Labor Ministry” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. July 9 (Interfax) – Pensions will continue to grow after 2024, but the Labor Ministry is not ready to say at what rate. “We are now calculating everything through 2024, although the calculations undoubtedly cover future periods. We’ll see, it will depend on how we can achieve the current tasks. Without a doubt, we are working on the assumption […]

» Read more

JRL NEWSWATCH: “Russian Authorities Prepare to Soften Pension Reform-Sources” – Reuters

Cash, Calculator, Pen

“[Sources claim that] Russian authorities are considering ways to soften a plan to raise the pension age … following protests and a slide in … Putin’s popularity ratings. The government announced its plan last month to raise the retirement age for men to 65 from 60 and for women to 63 from 55 to ease pressure on state coffers from […]

» Read more

RUSSIALINK: “Almost 90% of Russians oppose raising retirement age – poll” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. July 5 (Interfax) – An overwhelming majority of Russians disapprove of raising the retirement age and believe that the current age is optimal for both men and women, the Levada Analytical Center said in a statement obtained by Interfax on Thursday. Eighty-nine percent of respondents said they do not want to postpone their retirement. The current retirement age for […]

» Read more

Russians Rally Against ‘Cannibalistic’ Pension Reform

Cash, Calculator, Pen

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – July 1, 2018 – also appeared at rferl.org/a/russians-rally-against-retirement-age-increase/29330242.html) Thousands of people have taken to the streets across Russia to protest against the government’s plan to raise the retirement age. Labor unions, political parties, and opposition politician Aleksei Navalny had called on Russians to demonstrate on July 1 against a bill […]

» Read more

JRL NEWSWATCH: “Daily says Russian leaders’ ratings drop as they announce pension reform; Yelena Mukhametshina and Olga Churakova: President and premier’s ratings go back to what they were several years ago. Effective discussion of pension reform could halt decline in authorities’ popularity” – Vedomosti

File Photo of Dmitry Medvedev and Vladimir Putin with Heads Bowed Over Microphone

Vedomosti reports declining reported polling numbers for Russian President Vladimir Putin and Prime Minister Dmitry Medvedev, following announcements of pension reform. According to polling numbers published June 22, 2018, FOM [Public Opinion Foundation] indicates: Putin’s electoral rating fell from 62% to 54% in one week those trusting Putin fell from 75% to 67% Putin performance approval ratings fell from 75% […]

» Read more

JRL NEWSWATCH: “Unions want to negotiate with the Duma on pension reform” – Bear Market Brief E-Mail Newsletter

Russian State Duma Building file photo

“The Federation of Independent Trade Unions of Russia announced yesterday that they want an increase in the pension age to be part of a ‘package’ of labor market reforms … [such as] raising wages and reinforcing the social safety net …. FITUR is, according to Kommersant’s sources, an entrenched part of the All-Russian People’s Front, a coalition led by United […]

» Read more

RUSSIALINK: “Union-Led Protests Against Pension Reform Approved in 30 Cities” – Moscow Times

File Photo of Moscow Winter Protest

(Moscow Times – themoscowtimes.com – June 26, 2018) Authorities have approved union-led protests against the Russian government’s proposed retirement age hike in 30 cities, including one to be held in a World Cup host city, a major labor union said. The Russian government’s announcement on the eve of the World Cup that it would raise the retirement age has been […]

» Read more

World Cup May Have Helped Russia But It hasn’t Boosted Putin

File Photo of Putin Sitting at Desk, Looking Down, Writing, During Call-In Show, adapted from screenshot of video at kremlin.ru

(Paul Goble – Window on Eurasia – Staunton, June 24, 2018) Many commentators in both Russia and the West have suggested that the World Cup has helped Russia to overcome much of the opprobrium it has suffered as a result of its invasion of Ukraine, its meddling in elections in Western countries and in general its disruptive behavior. And it […]

» Read more

As World Watches Russia, Opposition Seeks To Score With Pension Protests

Map of Russia and Russian Flag adapted from images at state.gov

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Carl Schreck – June 20, 2018) – also appeared at rferl.org/a/russia-world-cup-russia-opposition-pension-protests/29306847.html) As World Cup fever mounts in Russia, opponents of a government plan to raise the retirement age find themselves jostling for political position, with a handful of protests announced against the proposed measure set to coincide with soccer’s centerpiece […]

» Read more

RUSSIALINK: “Live Longer, Work Longer, Says Russian Government; But the plan to raise the pension age won’t go down well with most Russians” – Moscow Times

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – June 18, 2018) A long-shelved plan to raise the pension age risks coming up against a wall of protest, as Russians of all ages cling to their Soviet-era social privileges. Compared to many Western countries, Russians retire early: men at 60 and women at 55. Those who operate heavy machinery or work in difficult conditions […]

» Read more

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 … […]

» Read more

Three Prospective Reforms Likely to Hurt Putin with His Political Base in the Population

Tower and Building Inside Kremlin

(Paul Goble – Window on Eurasia – Staunton, June 3, 2018) Vladimir Putin has the coercive resources and elite support to remain in office regardless of whether the population supports or deserts him, but at least some of his power depends on his ability to mobilize his base which consists of government employees, industrial workers, and especially pensioners. At present, […]

» Read more

Putin vs. Pensions: Will His Reelection Finally Free Him To Tackle Looming Crisis?

File Photo of Elders Walking in Russia

(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Mike Eckel – May 16, 2018 – article also appeared at rferl.org/a/putin-vs-pensions-will-his-reelection-finally-free-him-to-tackle-looming-crisis-/29229857.html) It’s been the third rail of Russian politics for years, if not decades, but now an increasingly fragile economy appears to have forced the Kremlin to finally reckon with the country’s pension crisis. Russia’s pension system — […]

» Read more

NEWSWATCH: “The Kremlin has big plans for the next five years, and it might need to raise Russia’s retirement age to pay for everything” – Meduza

Diverse Paper Currency, Coins, Line Graph

“… a leaked copy of … Medvedev’s next five-year budget plan … [anticipates] 25 trillion rubles ($403.8 billion) on 13 ‘national projects.’ … repeat[ing] many of the priorities of Medvedev’s … presidency and … Putin[] … executive orders. [kommersant.ru/doc/3628758] … new roads … demography … infrastructure … cancer and ‘the digital economy’ … broadband Internet connections [for] public sector facilities. […]

» Read more

NEWSWATCH: “Russian government ‘on the brink’ of increasing retirement ages” – bne Intellinews

Two Babushkas file photo

“Russian government ‘is on the brink’ of increasing retirement age in Russia … Medvedev [said] … The current retirement age of 55/60 years was set in USSR … in [the] 1930’s when average life expectancy was 40 … Medvedev argued … * * * The pension fund deficit currently amount[s] to RUB3.35 trillion ($53bn). In 2015 age pensioners amounted to […]

» Read more

NEWSWATCH: “The Russian pension system’s 2018 deficit will be twice as big as predicted” – Meduza

File Photo of Elders Walking in Russia

“Russia’s Labor Ministry has amended the Pension Fund’s 2018 budget to reflect a deficit that’s more than twice as high as predicted, rising from 106.6 billion rubles ($1.7 billion) to 256.8 billion rubles ($4.1 billion). The Pension Fund is expected to earn just 66.7 billion rubles ($1.1 billion), while spending 83.5 billion rubles ($1.3 billion). Spokespeople for the Pension Fund […]

» Read more

NEWSWATCH: “Putin Won’t Tell Voters How He’ll Pay for Domestic Spending” – Bloomberg/ Evgenia Pismennaya, Andrey Biryukov, Ilya Arkhipov

Cash, Calculator, Pen

“… offering Russians the biggest increase in domestic spending in years … what [Putin] won’t be talking much about is the package of tax hikes, benefit cuts and other changes … to help pay for [it] … possible increases to the pension age and the income tax … cuts in tax breaks for staples like food … [and] co-pays for […]

» Read more

NEWSLINK: “What about Pensions? An underlying issue at next year’s presidential elections is how to bring certainty and stability to Russia’s cash-strapped pension system. So far, the authorities have tiptoed around the matter.” – Intersection/ Artem Filatov

Two Babushkas file photo

“… Putin does not plan to retire any time soon. Yet many of his potential voters are worried about their own retirement prospects. Will their pensions be sizeable and reliable? At what age can Russians count on receiving them? During a televised call-in show held in mid-June, the president left this issue hanging. … By not giving any direct answers, the […]

» Read more

NEWSWATCH: “Russia to become a net borrower for first time in a decade” – bne Intellinews

Diverse Paper Currency, Coins, Line Graph

“… Russia has been dipping into its rainy day Reserve Fund to cover the federal budget deficit but this fund is due to run out of money sometime next year. Now the government is actively preparing to dip into its other sovereign fund, the National Welfare Fund, that was set up to meet future pension payments, but now will be […]

» Read more

In Annual Report, Medvedev Says Russian Economy Avoided Catastrophe

Dmitri Medvedev file photo

(RFE/RL – rferl.org – April 19, 2017) Russian Prime Minister Dmitry Medvedev has promised not to raise taxes in 2017 and vowed to consider indexing retirement payments for working pensioners, delivering a moderately upbeat annual report on the troubled economy. Addressing the lower house of parliament on April 19, Medvedev said the Russian economy had avoided “catastrophe” despite low world […]

» Read more

Moscow Counting on Russians Passively Accepting Raising Pension Age beyond Male Life Expectancy

Cash, Calculator, Pen

(Paul Goble – Window on Eurasia – Staunton, February 2, 2016) The Russian government doesn’t have to worry about widespread protests over its reported plans to raise the pension age of Russian males in 2018 to one older than their average life expectancy, a Russian scholar in Yakutsk says. The opposition will complain, but it doesn’t have the votes in […]

» Read more

TRANSCRIPT: [Putin] Meeting with Russian Media

Ancient Temple Ruins in Greece with Tourists

(Kremlin.ru – May 28, 2016) Following the Russian-Greek talks, Vladimir Putin met with Russian media representatives. Question: Mr President, may I ask you a question about domestic policy rather than talks with Greece? Vladimir Putin: Are you having trouble sleeping? Remark: I am. The whole country is thinking about this issue. Vladimir Putin: Go ahead. Question: Mr Medvedev visited Crimea […]

» Read more

Putin’s Advisors to Outline Russian Economic Reform

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – May 23, 2016) Russia’s latest economic reform package is set to cut state spending and raise the retirement age, the Vedomosti newspaper reported Monday. The reforms, which are due to be discussed Wednesday May 25 by President Vladimir Putin’s economic council, will focus heavily on stimulating domestic investment. It is the first time the council […]

» Read more

Russian Economy Set to Take Another Hit – A Much Smaller Labor Force in the Future

Russian Migrant Workers file photo

(Paul Goble – Window on Eurasia – Staunton, November 8, 2015) To the extent that falling prices for natural resources will force Moscow to rely on the development of other sectors, the Russian economy faces another and perhaps even more serious hit in the near term – a dramatically smaller workforce, each of whose members will have to support significantly […]

» Read more

Russian deputy prime minister says no plans to raise pension age

Two Babushkas file photo

(Interfax – October 20, 2015) Deputy Prime Minister Olga Golodets has said that the Russian government is not yet planning to raise the pension age. “We are not planning this over the period of time we use for planning. No, we are not,” Golodets told journalists on Tuesday [20 October] when asked when the government was planning to resume discussions […]

» Read more

Finance Ministry’s Nesterenko: retirement age increase ‘inevitable’

Two Babushkas file photo

KRASNOGORSK. Oct 9 (Interfax) – The interim decisions approved for next year in light of the budget deficit do not eliminate the need to raise the retirement age. The draft budget for 2016 approved by the government this week indexes pensions by just 4%, rather than the actual inflation rate in 2015 (about 12%), with an option to conduct a […]

» Read more
1 2