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

May 5, 2018 JRL Russia List Budget, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

“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 25% of Russian population and this number could grow to 50% by 2030 …. Pensions are … insufficient … 35% of average salary in 2016 ….”