The expert explained the impact of the growth in the number of pensioners on the Russian economy

© RIA Novosti / Kirill to Kallinikova in photobacteria. Archival photoThe expert explained the impact of the growth in the number of pensioners on the Russian economy© RIA Novosti / Kirill to Kallinikova the image Bank

The increase in the number of people of retirement age in Russia in the next ten years along with the drop in the number of working-age population may be a challenge for the state as the primary bearer of the insurance function, told RIA Novosti senior analyst at research and forecasting ACRES Dmitry Kulikov.

The newspaper «Vedomosti» with reference to submitted to the government macroeconomic forecast Tuesday said that the Ministry is waiting for the reduction of pensions in real terms. In the baseline scenario on the basis of which prepares the budget, the pension is reduced by 0.7% in 2018, and 0.6% in 2019-2020. The reason for the fall in pensions is the refusal of indexation of working pensioners, which in Russia is about 10 million, explained officials publication, and in 2018 will impact inflation — according to the forecast, it will be higher than this year, and pensions are indexed to the value of last year’s inflation.

«In the next ten years the number of people of retirement age (assuming it is constant) will increase by about 6 million people. While able — bodied- will fall to 7-8. Therefore, if the distribution part of the pension system remains unchanged, pension income, measured in units of wages of employees, likely will decline,» — said Kulikov.

«For the state as the primary bearer of the insurance function, this is a serious challenge, because may lead to decline in living standards of vulnerable populations and increase the wealth divide,» explains the expert.

Hence, according to him, there is a need to make payments to the insurance system more targeted: following the increasing life expectancy of the population to raise the retirement age, indexed pension in the first place broken. «The alternative is, in fact, only increase funding of pensions through taxes of General application, but, as far as we know, this option is not discussed», — he concluded.

Two Federal officials and a representative of the Ministry of labor information newspaper confirmed. However, they added that budgeting is not yet complete. One of the officials also said that all payments can not speak, as it is a technical indicator. He told «Vedomosti» that it is appropriate to discuss two indicators: retirement pensioners and for working — total revenue, which consists of pensions and earnings.

Source

Be the first to comment on "The expert explained the impact of the growth in the number of pensioners on the Russian economy"

Leave a comment

Your email address will not be published.


*