Sunday, July 01, 2018

Russia's Pension Age Own-Goal

Protests are being held in about 30 Russian cities to express anger at proposals to raise the pension age.
Some of the slogans on show included "Pay and die", "Stop rummaging in our pockets", "I won't live that long", "I want to live to get a decent pension, not survive until I get my coffin" and "pensions are for the living not the dead".
The plan, announced the day the football World Cup began, would see the age raised gradually from 60 to 65 for men, and from 55 to 63 for women. Protests were however banned from taking place in any of the World Cup host cities.
The government says the changes are needed to cope with a shrinking workforce having to provide for an increasing number of retirees. But unions warn many people will not live long enough to claim a pension.
Russian men have a life expectancy of 66 while for women it is 77, the World Health Organization says.
Opposition figure Alexei Navalny said the pension age hike was a "true crime".
"It is common robbery of tens of millions of people under the guise of 'much-needed reform'." 
One poll has indicated that 80% of Russians oppose the plans and Moskovski Komsomolets, a popular Moscow newspaper, has described them as the "most dangerous and risky reform of President Putin's 20-year rule".  The Kremlin leader's approval ratings fell by 14 percentage points from 78% when the measure was announced to 64% in just under two weeks.

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