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 […]

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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 […]

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Demographics expert: Russian men live 11 years less than women

File Photo of Elders Walking in Russia

(Interfax – June 2, 2016) Life expectancy in Russia has been growing, but there is a considerable gap between male and female lifespan in the country, experts said. “Male life expectancy exceeded 65 years two years ago, for the first time in Russia’s history. However, the gap between male and female lifespan exceeds 11 years,” laboratory head at the Russian […]

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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 […]

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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 […]

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NEWSWATCH: “Russia’s pensioners squeezed as recession bites” – Financial Times

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The Financial Times covers the impact of Russia’s economic downturn on older Russians. Several Russian regions have over the past year been forced to suspend benefit payouts or stop the inflation indexing of public sector wages. … The dramatic slide in crude prices has slashed revenues from the export of oil and gas which account for more than half Russia’s […]

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Putin: Average life expectancy in Russia to exceed 71 years in 2015

File Photo of Elders Walking in Russia

(Interfax – December 3, 2015) The average life expectancy in Russia will exceed 71 years in 2015, Russian President Vladimir Putin said in his annual address to the Russian Federal Assembly on Dec. 3. “The average life expectancy in Russia has grown by more than five years over the past decade and, based on preliminary estimates, it should exceed 71 […]

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Medvedev: Retirement age has to be raised sooner or later

Two Babushkas file photo

(Interfax – November 11, 2015) Russian Prime Minister Dmitry Medvedev has for the first time definitively supported the future raising of the retirement age without saying when this decision may be made. At present, the retirement age in Russia is 60 years for men and 55 years for women. The Finance Ministry insists there is no other way to resolve […]

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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 […]

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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 […]

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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 […]

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NEWSLINK TASS: Russia’s 200,000 employed senior citizens worry they may lose old age pension

Diverse Paper Currency, Coins, Line Graph

MOSCOW, March 26. /TASS/. Russian Labor and Social Protection Ministry’s idea of stripping employed senior citizens whose annual remuneration is one million roubles (about $16,500) or more of their old age security pension has sparked a debate in Russian society. In the context of Russia’s modern realities one million roubles is a sum enough to buy an average class car, […]

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Fewer Russians Fear Growing Old, Poll Shows

File Photo of Two Elders Walking Outdoors

(Moscow Times – themoscowtimes.com – May 29, 2014) The number of Russians who regard old age positively has grown over the past 10 years, a poll released Wednesday showed. The poll, conducted by the Public Opinion Foundation, showed 45 percent of respondents said they believed there were distinct advantages to old age, compared to 20 percent a decade ago. A […]

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Aging of Russian Population Said Helping Putin Retain Power But Hurting Country Over the Longer Term

Two Babushkas file photo

(Window on Eurasia – Paul Goble – Staunton, December 17, 2013) “Time is working for President Putin and his regime” because the aging of the Russian population means that he can rely on the ever greater share of the population of pensioners, some Moscow experts say, but concomitantly time is working against Russia because it is rapidly driving down the […]

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Russia Pension Age Hike Off Table Till 2018 – Fund Head

Two Babushkas file photo

MOSCOW, November 6 (RIA Novosti) ­ Russia will not consider raising the retirement age until at least 2018, but will encourage people to work longer, the head of the State Pension Fund said Wednesday. President Vladimir Putin said during 2011 electoral campaigning that he was against raising the pension age and has frequently restated this position. Russia’s next presidential elections […]

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Russia Gets Poor Marks for Wellbeing of its Elderly – Report

Two Babushkas file photo

(RIA Novosti – Karin Zeitvogel – WASHINGTON, September 30, 2013) Russia earns low marks on a global index that rates countries by the quality of life and wellbeing of their old folk, ranking 78th out of 91 countries in the first-ever Global AgeWatch Index released Monday. The index, which lists Sweden at number one and Afghanistan at rock bottom, ranks […]

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Reinventing the Babushka Concept

Two Babushkas file photo

(Russia Beyond the Headlines – www.rbth.ru – Natalia Yamnitskaya, special to RBTH – March 7, 2013) A “babushka” used to spend her time babysitting grandchildren and gardening, but today’s retirees are taking advantage of a wide range of opportunities. Olga Kuznetsova, who graces the floor of a dance studio in an elegant dress and heels, can hardly be described as […]

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Russians fear aging more than repression – poll

Kremlin and St. Basil's

(Moscow News – themoscownews.com – Alina Lobzina – February 12, 2013) Russians have nearly lost their fear of returning to Stalinism while old age and helplessness scare them more, a recent poll showed. The number of those concerned over a new wave of Stalin-era repression, anarchy, and civil wars has shrunk by nine times and 6.5 times respectively in comparison […]

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Russian retirement: mixed outlook for 2013

File Photo of Two Elders Walking Outdoors

(Moscow News – themoscownews.com – Anastasia Matveyeva, Moskovskiye Novosti – January 21, 2013) New calculations for pensions and a funded component, a possible luxury tax and a special structure that will come to manage Russian currency reserves are the main economic events that are expected in the coming year. How will these reverberate on us, and what will they will […]

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Russia’s pension impasse — is there a way out?

File Photo of Two Elders Walking Outdoors

(www.opendemocracy.net – Andrei Zaostrovtsev – January 11, 2013) Andrei Zaostrovtsev is lecturer at the M-Centre at the European University, St. Petersburg and professor of the Higher School of Economics One way Vladimir Putin has retained his popularity among Russians has been by increasing retirement pensions and other social benefits, and as a result the state pension fund is deep in […]

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Putin Backs Russian Pension Revamp Opposed by Finance Ministry

File Photo of Two Elders Walking Outdoors

(Bloomberg – bloomberg.com – Ilya Arkhipov and Olga Tanas – November 14, 2012) Russian President Vladimir Putin backed a planned pension overhaul opposed by the Finance Ministry, Economy Ministry and asset managers, who warn it would curb economic growth. The Labor Ministry plan would divert taxes from future retirement plans to meet current pension payments and narrow the state system’s […]

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