Wednesday, February 6, 2019

Raising retirement age will increase

Raising the retirement age will increase the amount of pensions

Heated discussions around the issue of raising the retirement age were resumed. The discussion is both in the government and academic circles. While no official regulations on the development of appropriate amendments to the legislation have been reported, but experts do not exclude the possibility of their arrival in the near future. Among the advantages of this solution is the probability of an increase in the size of pensions.

The experts of the Scientific Research Financial Institute has calculated that the increase in the retirement age to 63 years will increase the allowances by almost a third. That is, if in 2019 will be adopted by the relevant law, the 2030 pension increase by thirty percent in real terms, adjusted for inflation. If today the average retiree receives monthly 13,000 rubles, in 2030 at current prices, the benefit will be equal to 17 thousand rubles. At the same time, the pension will be indexed to all pensioners, including running.

Data on the possible adoption of a decision on raising the retirement age is confirmed just three laps from the source close to the government. Officials say the final decision on the matter is still pending. Discusses various strategies phased increase in the retirement age, to ensure the direction of savings is to increase benefits. For example, the retirement age can be increased each year for six months, it has, according to experts, will lead to an increase in the size of pensions by 5%.

Social Block traditionally against such a decision, however, the government sees the possibility of raising the retirement age to balance the pension system.



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