Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin sends greeting to Border Guard on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
Havana Airport gets Russian-made air traffic control systemsWorld May 28, 4:16
Guests of FIFA 2018 World Cup sure to get warm welcome in Russia — LavrovSport May 28, 2:25
Kantemir Balagov’s "Closeness" gets Cannes Festival’s International Critics’ PrizeSociety & Culture May 28, 1:03
Anti-church laws in Ukraine may cause religious strife — Ukrainian Orthodox ChurchWorld May 28, 0:22
MOSCOW, January 12. /TASS/. Russia is recommended to reexamine the retirement age in order to maintain strong pension payments, First Deputy Managing Director of the International Monetary Fund David Lipton told TASS in the interview on Thursday.
"It's clear that a private pension system needs to deliver for its pensioners. That means getting appropriately strong returns so it's important that the pension system has sufficient diversification to bring high but safe returns and it has appropriate supervision and regulation so that retirees' finances are safe," Lipton said.
Lipton thinks that it's also important that the retirement age is being examined and reexamined over time because if retirees retire very early in life it means that the average pension for everyone in the system will be lower.
"Now the demographics has shifted and life expectancy after declining for a couple of decades has begun to increase. With that, it makes sense to reexamine retirement ages in order to keep pension payments strong," Lipton said.
Read the full interview here.