Vladimir Putin on Social Security

	Vladimir Putin on Social Security

Pension reform unpopular despite indexing for inflation

The pension reform is deeply unpopular. It has provoked widespread opposition, including street protests in 2018 and 2019. In an effort to assuage social anger and drum up support for constitutional reforms he is seeking, President Vladimir Putin recently announced the indexing of pensions to inflation. This small increase in the size of Russian pensions will be placed, alongside other constitutional changes, on an April 2020 "consultative" ballot. Source: World Socialist Web Site wsws.org on Foreign Influencers , Feb 12, 2020

Raised retirement ages to 60 for women, 65 for men

Russian leader Vladimir Putin has softened planned pension changes following angry protests and a slump in his approval rating. He said the retirement age for women would be increased from 55 to 60 instead of to 63. But a five-year increase for men, to 65, would stay. In a rare TV address, Mr Putin said the country's working-age population was shrinking, making change essential. Unions have warned that many will not live long enough to claim a pension. Source: BBC British Broadcasting on Foreign Influencers , Aug 29, 2018

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