In Kabardino-Balkaria supported the change in pension legislation

© RIA Novosti / Vladimir Pescaprae in photobacteria. Archival photoIn Kabardino-Balkaria supported the change in pension legislation© RIA Novosti / Vladimir Pescaprae the image Bank

The deputies of the Parliament of Kabardino-Balkaria at an extraordinary meeting on Friday with the majority of votes supported the change in pension legislation in Russia.

«In General the draft Federal law is aimed at creating conditions for increasing the level of pensions of citizens and to adapt the pension system to the current demographic conditions,» said representing the bill the head of Committee of Parliament KBR Hussein Kagarov.

He also noted that the planned parallel development, amendments to the legislation for additional social support measures. «It has been announced the growth of health care costs. In addition, the issue of implementation of additional measures in the field of employment of people of pre-retirement age and young people,» said Kagarov.

The speaker of the regional Parliament Tatyana Egorova reminded that the draft law was discussed at the meeting of the Bureau, and urged the deputies to adopt a «balanced, responsible and takes into account existing realities of the decision.» In support of the bill voted 42 against 9 members of Parliament.

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. The regions of the Russian Federation until July 17 to discuss draft amendment to pension legislation. First Vice-speaker of the lower chamber Alexander Zhukov said earlier 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 the Russian Federation as a whole.

Russian Finance Minister Anton Siluanov on 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. The President of the Association of private pension funds 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.

Now the standard age of retirement in Russia is 60 and 55 years for men and women respectively prescribed by law the retirement age established in the 1930-ies. The question of raising the retirement age has been discussed for quite some time. The need for this is caused by growing life expectancy and the inability to provide a decent pension in circumstances when the number of employees in the country decreases, while the number of pensioners, by contrast, is growing. Today, in most countries the retirement age is 60-65 years.

In Kabardino-Balkaria supported the change in pension legislation© Integrationalist retirement in different countries