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IMF Calls for Rising Pension Age in Russia
15.06.2012 15:46
IMF Calls for Rising Pension Age in Russia

The International Monetary Fund (IMF) thinks pension age in Russia should be increased to 63 years for both men and women. That opinion was given utterance by IMF Advisor Antonio Spilimbergo during the special press-conference. He also said the reform should come into force in 2030.

      Currently, the retirement pension age in Russia is 55 for women and 60 for men. Is much lower than in other European countries. Miners, lumberjacks, pilots, cosmonauts, as well as those in a dozen other professions are entitled to retire even earlier. However, the majority of people continues working even after passing the pension age.

      Russia's Finance Ministry has already proposed increasing the pension age in Russia from 2015. The ministry said the age should be raised gradually, by six months for women and three months for men annually until both categories reach an equal retirement age. 

      It should be pointed out that IMF calls not only Russia but all the countries for pension age rise. The main reason is the increasing of the average life expectancy, which could be dangerous for current economic models.  


Sources: Rosbalt RIA Novosti Image:

Author: Julia Alieva

Tags: Russian people reforms Russian society   

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