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Retirement age: no more debate for another decade, says vice-premier

Calculations showed that under present conditions, Russia's pension system was well-balanced - Russia's Vice-Premier Olga Golodets

© ITAR-TASS/Ruslan Shamukov

MOSCOW, January 17. /ITAR-TASS/. Debate on the retirement age issue was settled for the next 10 years and there was no need to return to it, Russian Vice-Premier Olga Golodets told delegates to the Gaidar discussion forum on Friday.

Calculations showed that under present conditions, Russia's pension system was well-balanced, she said, adding that 13 million pensioners were still at work, "the weightiest argument" that a model existed in Russia to stay in employment after retirement age. Women aged 56-57 and 62-63-year-old men, as all over the world, felt rather young, she noted.

New stimuli were on offer today, Golodets said. Those deciding to postpone retirement and work for five years longer would receive higher pensions, she added.

"A scenario of work behavior is offered to every person to choose. It is a great advantage," the speaker added.

Retirement age in Russia is 55 years for women and 60 years for men.

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