Kudrin predicted the increase in the retirement age after the elections of 2018

Kudrin predicted the increase in the retirement age after the elections of 2018

The decision to raise the pension age will be made in 2018, after Russia’s parliamentary and presidential elections, I am sure the former Minister of Finance of Russia Alexey Kudrin.

“While the government prepares for elections: next year’s parliamentary elections, three presidential years. This leads to the fact that unpopular decisions to take not want, — said Kudrin. — I think that in three years, after the presidential elections, still be raised the retirement age”. (Quoted by Interfax.)

Earlier, the source RIA Novosti in the socialist government also reported that in the next three to five years the retirement age in Russia will not increase. Later that the solution of the question was postponed, said Deputy Prime Minister Olga Golodets. “About the retirement age question is not discussed. Retirement age now will not rise. Let’s all worry,” he assured her.

At the beginning of July 2015, Kudrin offered to make the transition to the new retirement age “painless” due to the use of funds of the national welfare Fund (NWF). “If it was decided to raise the retirement age and we would understand the graph better balance of the Pension Fund, I would go for the partial costs of the national welfare Fund, to ensure a seamless transition to this retirement age” — said Kudrin.

Speaking Wednesday at the forum of the Moscow Stock exchange in new York, Kudrin explained that covered from the Federal budget, the pension system deficit is now about 50%, but because in the face of shrinking revenues from oil exports and a permanent lack of government will have to choose either to raise the retirement age or reduce budget expenditures on education, health and so on. “It’s a pretty sharp challenge,” — said the Minister.

On the sidelines of the forum, Kudrin said that the government has taken on ambitious commitments that will be difficult to play in the current oil prices.

Previously, the current Minister of Finance Anton Siluanov said that the issue of raising the retirement age need to be addressed “urgently”. “It is necessary, in our opinion, to urgently address the issue of retirement age. This will allow better balance of the pension system without increasing premiums,” said the Minister, noting that it will “mitigate the consequences from a weak demography in the economically active population”.