Russian Retirees Should Continue Working

Encouraging Russians to continue working after their retirement can be an alternative to raising the retirement age, Russian Finance Minister Anton Siluanov said on Thursday.


“The issue of the retirement age can be solved not by increasing it but by encouraging our citizens to continue working after retirement,” Siluanov said in an interview with RT international news channel.


According to Siluanov, the government is currently preparing a proposal on pension reform; the question of its necessity is actively being discussed in the cabinet. “I think that soon we will develop proposals that will become the basis for the pension reform,” Siluanov said.


Previously, the Finance Ministry did not rule out the possibility of raising the retirement age. After the International Monetary Fund’s latest mission to Russia, it recommended raising the retirement age for men and women to 63 years in 2030 and to 65 years by 2050.


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