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Russians Should Expect the Increase in Retirement Age
28.07.2011 14:40
Russians Should Expect the Increase in Retirement Age
Sergey Shatalov

Once again the members of the Government have discussed the necessity of pension reform in Russia.
      

'Russia won't be able to avoid the increase of retirement age to 65 years', financial deputy minister Sergey Shatalov said.
      

'I am afraid we won't be able to avoid that question in the near future. Of course, that process will be gradual. We will be increasing the retirement age by small portions, maybe by half a year. And it will take us about 15 years to reach the age of 65 for retirement.',  he said during his interview for "Echo of Moscow" radio station. 
      

'If that decision becomes a law, the people of preretirement age won't feel any cardinal changes. And young people will able to see the perspectives and, I think, they will understand the concern', he added.
      

Mr Shatalov thinks such decision is necessary for the whole social system in Russia. 'There are many countries with such problems, but no government can manage without the pension reform'. 
      

Currently the retirement age in Russia is 60 years for men and 55 for women. The question about increasing the retirement age has been discussed for many years. Particularly, in 2010 Alexey Kudrin, the head of  the Ministry of Finance, said that decision should be made within 5 years. In May of 2011 prime minister Vladimir Putin said the Government could return to that retirement age question no earlier than in 5 years. 


      

Source: RIA News


      

More Russian Business and Law News


Author: Julia Shuvalova

Tags: Russian law interview Russian people   

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