Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
NOVO-OGAREVO, February 4. /TASS/. The Labor Ministry does not agree with the position of the Ministry of Finance on the retirement age hike, Minister of Labor and Social Security Maxim Topilin said on Wednesday.
"We are neither going to raise the retirement age nor even suggest it," the minister said. "The question is what we expect from the retirement age," Topilin added. He mentioned other nations where the retirement age is rising along with the growing age of life. "There are no savings, expenses merely do not escalate," the minister said.
Russia has an allowance for receipts of the Pension Fund because nearly 20 million of working age individuals do not currently pay insurance contributions. "The Labor Ministry believes the difference between the retirement age and life expectancy is still small," the minister said. "The dialogue with the public, public opinion polls, calculations and discussions are needed before making the decision to raise the retirement age," Topilin added.
Awareness-building activities are required to incentivize Russians to make insurance contributions, he said.
Meanwhile, the Labor Ministry does not exclude the possibility of freezing the funded part of pensions for 2016 if the budget situation is complicated, Maxim Topilin said. Everything will depend on the financial situation, Topilin added. If there is such an opportunity then there will be no sense to freeze the funded part of pensions, the minister said.