Government submits retirement age hike bill to State Duma - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Government submits retirement age hike bill to State Duma

MOSCOW, Jun 18 (PRIME) -- Russian Prime Minister Dmitry Medvedev has signed a ruling to submit a bill on gradually raising the retirement age to the State Duma, the parliaments lower house, the governments press service said on June 16.

Under the bill, the retirement age will be raised to 65 years from 60 years for men and to 63 years from 55 years for women.

The bill, to take force from January 1, 2019, encompasses a transition period from 2019 till 2034 with an annual increase of the retirement age by one year.

Thus men born in 1959 and women born in 1964 will have a right to retire in 2020, at the age of 61 years and 56 years, respectively. Men born in 1960 and women born in 1965 will be able to retire in 2022, at the age of 62 years and 57 years, respectively, and so on.

The State Dumas labor committee will start considering the bill later on Monday, the committees head Yaroslav Nilov told PRIME.

First Deputy Prime Minister, Finance Minister Anton Siluanov said that the government will earmark resources that the budget will receive from the retirement age hike for raising pensions.

The main task is to raise pensions to current pensioners. Resources that the government will receive from it will be sent to the Pension Fund, he told Rossiya 24 television channel late on June 15.

In 2019, growth of pensions will be by 2 percentage points higher than inflation, Siluanov said.

The proposed pension and tax reforms should ensure a new quality of the countrys economic growth and raise the quality of peoples lives, he also said.

Deputy Prime Minister Tatyana Golikova said that an income of a Russian pensioner will increase by around 12,000 rubles per year in 2019.

She also said that the number of labor force in Russia reduces by 400,000 people annually.

(62.6851 rubles U.S. $1)

End

18.06.2018 08:50
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 76.0737 -0.0189 14 nov
USD 67.6812 +0.1574 14 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1100.05 -1.32 18:50 13 nov
micex 2374.94 -0.79 18:50 13 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 148.83 -1.37 18:49 13 nov
lkoh 4959.50 -3.30 18:49 13 nov
rosn 443.60 -4.29 18:49 13 nov
sber 196.56 -0.13 18:49 13 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 76.2025 -0.0525 14:59 13 nov
USDTD 67.6950 +0.2650 17:44 13 nov