MIN +14
MAX +23
Rain Early / 10:42 PM / Traffic

Putin Warns of Need for Pension Reform

VedomostiPutin has in the past ruled out raising the retirement age.
Prime Minister Vladimir Putin said Monday that Russia needs to modernize its pension system, Interfax reported.

"This year the number of pensioners has increased, it is now above 40 million people," the president-elect said in a meeting with Pension Fund head Anton Drozdov.

"This means that we need to continue to modernize the pension system and, it goes without saying, fulfill all social obligations toward this category of citizens," he added.

In the past year, the World Bank, the Organization for Economic Coperation and Development and former Finance Minister Alexei Kudrin have all urged authorities to raise Russia's retirement age, which is currently 55 for women and 60 for men.

Putin said during his presidential campaign that, if elected, he would not raise the retirement age.

Russia's population is approximately 143 million, which means that almost every third person is a pensioner.

Also in News

From the Web

Dear reader,

Due to the increasing number of users engaging in personal attacks, spam, trolling and abusive comments, we are no longer able to host our forum as a site for constructive and intelligent debate.

It is with regret, therefore, that we have found ourselves forced to suspend the commenting function on our articles.

The Moscow Times remains committed to the principle of public debate and hopes to welcome you to a new, constructive forum in the future.


The Moscow Times