In Moscow on Saturday will host the fifth plenary session of the Communist party

© RIA Novosti / Ilya Petliurite in fotobasketball of the Central Committee of the Communist party Gennady Zyuganov. Archival photoIn Moscow on Saturday will host the fifth plenary session of the Communist party© RIA Novosti / Ilya Petliurite the image Bank

The fifth Plenum of the Central Committee of the Communist party will take place on Saturday and will be held at the health complex «Snegiri» in the village Rozhdestveno of Moscow region, said the press service of the Communist party.

Secretary of the Central Committee Sergey Obukhov said the company informed the Agency that at Saturday’s Plenum of the Communist party we will focus on the changes in pension legislation, about the preparation of the referendum, the protests, the Communists will discuss an alternative socio-economic proposals of the party.

Participants of the plenary will be representatives of the Communist party faction in the state Duma and members of the regional branches of the Communist party, noted in a press–service.

«(To be discussed), pension reform – a challenge to society, regional policy and the tasks of the Communist party. We have a regional plan, the salary differs in 7 times, I will not mention pensions», — told RIA Novosti the leader of the Communist party Gennady Zyuganov, answering clarifying question about the agenda of the upcoming event.

Earlier, Prime Minister Dmitry Medvedev said that the government proposes to raise the age of retirement to 65 years for men and 63 years for women. The process will be phased and will start in 2019. The government has submitted relevant bills to the state Duma after consideration at a meeting of the Russian tripartite Commission (RTC) for regulating social-labour relations. Regions of Russia and 17 July to discuss the draft amendment to pension legislation. First Vice-speaker of the lower chamber Alexander Zhukov said that the bill will pass in the autumn in the state Duma in second and third, final reading.

The bill of the Cabinet noted that this initiative will create the conditions for annual indexation of pensions above the rate of inflation in balance and long-term financial sustainability of the pension system of Russia in General. First Deputy Prime Minister — Finance Minister Anton Siluanov at the meeting of the tripartite Commission stated that the changes in pension legislation and taxation should provide a new quality of economic growth and enhance the quality of life of citizens. According to him, the pension bill aims to increase the real pension in the country. All funds received through its implementation, will go to social sector, special emphasis will be placed on health.

According to the head of Sberbank German Gref, the proposed changes will contribute to pensions to a decent level. According to the head of the accounts chamber of the Russian Federation Alexey Kudrin, the increase in the retirement age would yield savings to the budget of the Russian Federation in 2024 1 trillion rubles a year, a significant portion of these funds, the authorities will direct on increase of pensions. President of the Association of pension funds (ANPF) Sergei Belyakov said that the decision to raise the retirement age overdue, this is required fundamentally changing demographic trends and age structure of the population in the Russian Federation.