July 2018

31Jul

3 arrested after Russian opposition rally on pension age

MOSCOW (AP) — Three Russian opposition leaders were detained by police minutes after a demonstration to protest a government plan to raise the age for receiving state retirement pensions ended Sunday. The demonstration in central Moscow had been authorized by city authorities and attracted thousands of people. No reason for the arrests was immediately given. Oleg Stepanov, a top aide to Russian opposition leader Alexei Navalny, reported his detention on Twitter. He posted a photo of himself and the two others...

July 31, 2018
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30Jul

Protesters chant anti-Putin slogans at Moscow rally against retirement age plan

Thousands protested in central Moscow on Sunday against a proposed increase to the retirement age and the crowd chanted slogans critical of President Vladimir Putin whose approval ratings have been dented by the bill. The rally organized by the opposition Libertarian Party chanted “Putin is a thief” and “away with the tsar,” slogans common at anti-Putin and anti-government protests. The retirement age proposal is politically sensitive for Putin, who was re-elected in March, because it has prompted a series of protests...

July 30, 2018
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January 2018

15Jan

The Standard of Living: Incomes, Wages and Lending in Regions

By Alexandra Burdyak (Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute for Social Analysis and Prediction) & Elena E. Grishina (Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting) In January–October 2017, households’ real disposable cash income fell by 1.3% as compared to the relevant period of 2016. It is noteworthy that real accrued wages rose by 3.0%, while the real size of assigned pensions, by 3.9%. During...

January 15, 2018
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December 2017

14Dec

Russia’s central bank to form biggest non-state pension fund with $9 billion merger: sources

Russia’s central bank is preparing to merge three pension funds of bailed out bank Otkritie to create the biggest non-state pension fund in Russia, while guaranteeing payouts to their 7.7 million members, three people with knowledge of the matter said. The funds had been indirectly controlled by Otkritie Holding, the former parent of Otkritie bank. Once Russia’s largest private lender, it was rescued in August by the central bank, which was then lumbered with the three pension funds too. The Russian...

December 14, 2017
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08Dec

Why Russia does not need working pensioners

Raising the retirement age in Russia could be a source of resources for higher pensions, better healthcare, especially for older people and better financing of the sphere of social service, said in an interview “Газете.Ru” the Minister of economic development (med) Maxim Oreshkin. However,”to raise the retirement age makes no sense for a number of reasons, according to the rector of Academy of labor and social relations Alexander Safonov. First, the prospects of the labor market are such that – the...

December 8, 2017
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