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Kudrin Addresses Pensions

Former Finance Minister Alexei Kudrin called for raising the pension age for men from 60 to as high as 63 by 2025-30, RIA-Novosti reported.

"The sooner this happens, the better it will be for pensioners, taxpayers and for the country as a whole," Kudrin wrote in an article in the journal Economic Issues, the news service said. Kudrin also called for increasing the retirement age for women from 55 years to as much as 62 years, RIA-Novosti said.

Prime Minister and President-elect Vladimir Putin has ruled out a rise in the pension age, a measure urged by the World Bank and the Organization for Economic Cooperation and Development.

(Bloomberg)

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