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Thursday, October 27, 2016

Once at the cemetery: Titov spoke about raising the retirement age

Business Ombudsman Boris Titov believes funny is the possible increase in the retirement age in Russia at this stage. In his opinion, there are other “normal” ways of replenishment.

photo: Gennady Cherkasov

In the future the Russian authorities will have to raise the age of retirement as life expectancy increases, said Boris Titov. “All countries go beyond those limits retirement that were set before,” he said at a press conference in Vladivostok, Interfax reports.

However, right now, to raise the retirement age in Russia is not necessary, as it “looks funny,” said business Ombudsman.

“For instance, Kudrin (the head of the Center for strategic development Alexey Kudrin approx.) offers to determine the age of retirement, almost equal to the average life expectancy among men. That would be the only country when you come to retire and immediately to the cemetery,” — said Titov.

He added that after raising the retirement age, the budget revenues will increase, but there are other, “more normal” methods of replenishment of the Treasury – at the expense of economic development.

In early August, Deputy Chairman of the Economic Council under the President Alexei Kudrin said that the alternative to raising the retirement age in Russia is not, but the script and timing of the increase will determine the country’s leadership.

In a similar vein were expressed by the Minister of economic development Alexei Ulyukayev. The official said that raising the retirement age for men and women to 63 years is a natural solution and encouraged to begin this process in 2018.

Read the material: the Authorities denied the replacement of ad hoc indexation of pensions in payment


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