Oreshkin: Russia among the older generation the lowest level of unemployment

© Depositphotos / IgorVetushkoПенсионер at work. Archival photoOreshkin: Russia among the older generation the lowest level of unemployment© Depositphotos / IgorVetushko

Among the older generation in Russia, according to statistics, the lowest unemployment rate, while changes to pension legislation the government will do everything that the situation has not worsened, told journalists the Minister of economic development Maxim Oreshkin.

«If you look at the statistics, the older generation is that group of the population, where the unemployment rate is actually the lowest. Here the government will do everything to make this situation not only worsened, but became better», — he told, answering a question about the possible impact of the planned changes in the pension legislation on the labor market for retirees.

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.

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