Russia proposes raising pension age, first hike in almost 90 years
Russian Prime Minister Dmitry Medvedev on Thursday proposed raising the pension age to 65 for men and 63 for women, the first hike for the country in almost nine decades.
A legacy of the USSR, Russia’s retirement age — set at 55 for women and 60 for men since the early 1930s — is currently among the lowest in the world.
“We propose a relatively long transition period — beginning in 2019 we propose incremental increases to reach retirement for men at 65 by 2028 and 63 for women in 2034,” Medvedev said of plans which must now be approved by parliament.
Read More: France 24