Russian pension ages to rise by 5-8 years
Russian civil servants are to see their retirement age rise by five years for men and eight years for women, as officials and elected representatives are put in the lead on a policy set for expansion across the Russian economy.
The change has been approved by the Russian parliament, and will apply to all those holding jobs in the federal, regional and local government administrations, as well as parliamentarians.
Currently, civil servants receive insurance and a pension from the age of 60 for men, and 55 for women – as do workers across the Russian Federation. But the retirement age is set to begin to rise from 1 January 2017, going up by six months per year thereafter to reach 65 years for men and 60 for women.
A hike in the retirement age was first advocated by President Vladimir Putin in 2015. Later, Prime Minister Dmitry Medvedev argued that civil servants and parliamentarians – who have approved and will implement the policy – should lead the way.
The policy also envisages a gradual increase in the minimum length of public service required to receive a full pension, from 15 to 20 years. Deputies in the State Duma and the Federation Council will in future have to serve five years rather than one in order to earn a 55% ‘insurance surcharge’ covering their pension, and ten years rather than three in order to earn 75%.
About Anastasya Manuilova
Anastasya Manuilova is an economics reporter for the Russian newspaper Kommersant, covering welfare, labour markets, demographic change and the pharmaceutical industry
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