The Kremlin thinks 5 years of retirement is plenty
Russia would raise its retirement age for men to 65 by 2024, but life expectancy is projected to be 70 years.
By Evgenia Pismennaya and Ilya Arkhipov|June 11, 2018 at 12:35 PM
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(Bloomberg) –Vladimir Putin promised Russians this week that he would make retirement richer. What he didn’t say was that he’s going to make it shorter, too.
The Kremlin and the government have agreed on the outlines of a plan that would see the retirement age for men raised by five years to 65 and for women by eight to 63, according to two people familiar with the preparations who spoke on condition of anonymity to discuss confidential matters. The changes could begin as early as 2019, phasing in over a period of five years or more.
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