Golikova named one of the purposes of raising the retirement age

Golikova named one of the purposes of raising the retirement age

MOSCOW, 14 Jul — RIA Novosti. One of the goals of raising the retirement age in Russia is the increase of pensions of citizens, said at a press conference members of the Russian government Deputy Prime Minister Tatiana Golikova.

The Russian Cabinet on Thursday approved a bill to raise the age of retirement to 65 years for men (in 2028) and 63 years for women (2034). The increase will be scheduled in stages, will start in 2019.

“All those decisions that aim to increase pension coverage in the long term,” he said.

She explained that in 1970 in the USSR, one pensioner had 3.7 V working citizens, and now about 1.8. The amount of funds earned by the pension system by paying insurance premiums reduced, respectively, this significantly reduces the possibility for the payment of pensions to those pensioners who are on pension now, he added.

Of course, the first years we do not receive any significant, substantive advantages on the completion of the pension system, but gradually the resources of the pension system will accumulate, and so this will give us the opportunity to increase pensions more than it was in previous years, and what is going to happen in the first years.Tatyana Golikova Deputy Prime Minister

In addition, for citizens who have significant experience already earned in the period when the retirement age for women was 55 and for men 60 years, there will be a possibility of early retirement 2 years earlier, has added Golikova.

Now the standard age of retirement in Russia is 60 and 55 years for men and women respectively prescribed by law the retirement age established in the 1930-ies. The question of raising the retirement age has been discussed for quite some time. The need for this is caused by growing life expectancy and the inability to provide a decent pension in circumstances when the number of employees in the country decreases, while the number of pensioners, by contrast, is growing. Today, in most countries the retirement age is 60-65 years.

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