retirement age

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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Russia's government raises retirement age and VAT

Russian Prime Minister Dmitry Medvedev said the retirement age and value-added tax (VAT) will be raised in Russia.  The PM said that the Russian government proposed to raise the retirement age to 65 for men …

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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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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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Retirement age increased to 65 years in Azerbaijan

Azerbaijani President Ilham Aliyev has signed a decree approving the law that envisages amendments to the law on labor pension. The retirement age will be raised to 65 years within 4 years for men and 10 years for …

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Ulyukayev tells what Russia should do next

The Russian Minister of Economic Development Alexei Ulyukayev published an article titled 'What to do next? in the Vedomosti newspaper today. He outlined there his program of actions which would allow the Russian economy to grow every year by 7%, as it was in the early 2000s. The Minister bases his arguments on the premise that the world economy has changed dramatically and only those developing countries that are able to adapt to these changes will keep high growth rates. "In this situation, Russia's economic policy should be aimed at increasing the potential growth, which can be achieved through better use of labor resources, accumulation of capitals through the growth of investments and increasing productivity," Ulyukayev believes.

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Retirement age in Russia could be raised next year

The retirement age in Russia may be raised from next year, otherwise the Reserve Fund and National Welfare Fund could end in 2018. According to Vedomosti newspaper, the Finance Ministry is suggesting the retirement age in Russia ...

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Matviyenko: retirement age won't rise until 2020

There won't be an increase in the retirement age in Russia until 2020, the speaker of Russia’s Federation Council, Valentina Matviyenko, said. "I think if such a decision is adopted, it won't happen before 2020. It should be a planned, gradual, slow process," Gazeta.ru cited her as saying.

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Elena Popova: retirement age won't rise soon

Today the senator of Volgograd region, Elena Popova, visited the studio of Vestnik Kavkaza. During the program Tribuna she spoke about one of the most debated issues in Russia today – a possible increase in the retirement age. According to the member of the Federation Council, we shouldn't expect any major changes in this area.

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