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Putin against raising retirement age

October 16, 2012, 19:53 UTC+3
President believes the qualifying period for retirement benefit should be brought down from 40 to at least 35 years of employment
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Photo ITAR-TASS

Photo ITAR-TASS

NOVO-OGARYOVO, October 16 (Itar-Tass) —— Russian President Vladimir Putin is against raising the retirement age in Russia and believes the qualifying period for retirement benefit should be brought down from 40 to at least 35 years of employment.

On Tuesday, Putin met with Deputy Prime Minister Olga Golodets, who informed the president that the government is considering a proposal to set the qualifying period for a maximal retirement benefit at 40 years of work record. Thus, a maximal retirement benefit is granted by the age of 60, if a person begins his or her working career at the age of twenty and works for forty years. The period a person spends at a higher education institution, the president noted, is not always included into his or her work record. Moreover, few people manage to graduate from a university by the age of twenty. So, Putin, gave an instruction to the deputy prime minister to look at bringing down this qualifying period down from 40 to 35.

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