Well, here's one way to solve a retirement payout funding crisis.
Prime minister Dmitry Medvedev announced last Thursday that the Russian state pension age would be hiked from 60 to 65 for men by 2028 and from 55 to 63 for women by 2034.
The World Bank estimates Russian male life expectancy at 66, while the CIA’s World Factbook had it at 65. Women can expect to live to about 77.
The Russian Confederation of Labour said official statistics showed the average life expectancy of men was less than 65 in more than 60 regions of Russia.
It estimated around 40 per cent of men and 20 per cent of women may not live long enough to claim their pensions under the new rules.
-RW
(via The Independent)
When SS started in this country, the US average life expectancy was 61.
ReplyDeleteIt sounds like Russia is about to have an explosion of male to female trannies. That will do wonders for the Russian libertarian party.
ReplyDeleteMaybe Russians will live longer as a result. Seems to me the institution of retirement is a pretty good way to die faster.
ReplyDeletein 2028, male life expectancy is projected to be around 83 at birth. Male life expectancy today at age 65 is 14 years.
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