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 older a person is, the less its involvement in the market. There are no vacancies or they are reduced, and the only form of employment for senior citizens is the preservation of their jobs, usually for low wages and unfavorable working conditions.

Read more @Mice Times