What Is a Pension Worth?
Her pension, state officials maintain, is "adequate". Maria Ivanovna disagrees. "If it wasn't that my daughter helps me, I would simply starve", she says. "I have already sold all I can".
Maria Ivanovna's pension, in truth, does not buy very much. While her flat, heating and telephone are still cheap, food is costly. Her pension, the result of 20 year's work in a bakery, is enough to buy each day a loaf of bread, a single egg, a liter of milk and a few potatoes This may be enough to fend off starvation, but it is not a diet to be recommended. Capital expenditure, such as new clothes or household items, is, of course, out of the question for Maria Ivanovna.
Maria Ivanovna is not a special case The vast majority of state pensions range from 1, 000 rubles to perhaps 2, 500 rubles a month. A retired teacher gets about 1, 500 rubles a month, for instance; a doctor around 1, 800 rubles a month. Even a good pension buys very little in new free-market Russia. Twenty-five hundred rubles a month will now only buy eight single greenbacks, or maybe 12 bottles of vodka. Meat can cost up to 400 rubles a kilo. Cheese costs a minimum 150 rubles a kilo in state shops. Even transport may soon become a real expense.
Russia is now facing a budget crisis. Revenues are down 60 percent from projected figures, due mainly to falling oil exports and the secretion of export earnings abroad. Viktor Geraschenko, chairman of the Russian Central Bank, has suggested that budget cuts will have to be made to reflect this fall in revenue. Geraschenko suggested the social security budget as one are where cuts could be made.
Most old people would not starve if the pension was further cut. If the old were not supported by their families they most likely would be dead already. However, to cut the already meager pension would be an act of great cruelty. There are iron laws of economics that the new Russia must obey if it is ever to recover. However, there are also laws of humanity which must be kept if Russia is to remain a human society. You can not build a future by starving the old.
|
|
Tweet |
|
This article has no comments. Be the first to leave a comment |
Comments
To post comments you must be registered
Comments via Facebook
The founder of the social networking site Vkontakte celebrated St. Petersburg’s 309th anniversary over the weekend by tossing paper airplanes carrying 5,000-ruble notes out a building window.
Billionaire Mikhail Fridman resigned Monday as chief executive of TNK-BP, plunging the country's No. 3 oil firm deeper into crisis and challenging co-owner BP's grip on the business.
Four Russian bikers jailed for five days after entering Iraq with fake visas were to arrive in Moscow late Monday — without their motorcycles but grateful for freedom despite, as one of them said, their “stupidity.”
Search and rescue helicopters and volunteers struggling through thick forest and mountainous terrain spotted bodies but no survivors on the Indonesian mountainside where a Sukhoi Superjet 100 crashed by the time darkness forced an end to the search Thursday night.
A dark cloud was cast Wednesday on the revival of Russia’s aviation industry when a Sukhoi-built Superjet 100 with 50 people on board disappeared from the radar screens of Indonesian flight controllers.


