pensions in Russia

Putin explains retirement age reform (VIDEO)

Russian President Vladimir Putin said in his televised address today that the retirement age for women should be 60 rather than 63, according to the president's official address posted on the Kremlin website.  …

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Russia's pension reform to be adopted in first reading

Accounts Chamber of Russia has found several shortcomings in the government’s bill on raising the retirement age, while having no conceptual remarks to the document, according to the letter to the Chairman of the Duma Committee on …

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Siluanov reveals Russia's average pension payment

Russian Finance Minister Anton Siluanov said that the average monthly pension payment in Russia should grow to 20,000 rubles by 2024. He also said that the Finance Ministry has suggested providing deductions on the …

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Will Russia raise retirement age?

Russia's government is discussing the issue of raising retirement age, but it is too early to talk about concrete decisions, the Russian Minister of Labor and Social Protection Maxim Topilin said. "The …

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Russia to save on pensioners

According to the Russian Ministry of Economic Development, pensions will be reducing in Russia during the next three years. First of all, this will affect payments to more than 10 million working pensioners, whose pensions are not indexed, the …

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Is Russia worst country to be elderly?

Russia is No. 40 among 43 countries in the 2017 Global Retirement Index, published today by Natixis Global Asset Management, just above India, Greece and Brazil. According to data compiled by Natixis, several factors affected the …

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Azerbaijan and Russia discuss pension cooperation

Azerbaijan's Deputy Minister of Labor and Social Protection, Idris Isayev, received the delegation from Russia's Ministry of Labour and Social Protection, in Baku today. The delegation was headed by the …

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Will Russia's retirement age to increase from 2019?

The Russian government is discussing a retirement age increase by 3 months a year for men under 65 and for 6 months a year for women under 60 starting from 2019, the Director of the Russian Pension Fund, Anton Drozdov, said. …

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New pension system being developed in Russia

Russian Finance Minister Anton Siluanov said at the Moscow Financial Forum that the Russian Central Bank and the Finance Ministry are jointly developing a new mechanism for voluntary contribution pension system. …

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Russia to freeze retirement savings

 It was decided to freeze retirement savings, the Russian Deputy Prime Minister Olga Golodets said. "Retirement savings will be frozen," Golodets said adding that transfer to the pension fund is not …

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