Raising the Retirement Age in the Russian Federation

Abstract

The Russian demographic situation requires the age of retirement to be raised. The article’s analysis suggests that the short term consequences of this would be negative, while longer term consequences would be positive, but only if it were done in conjunction with other social and economic reforms.

Keywords:

• economic reform
• pensions
• retirement
• Russia

Notes

1. Russian Federation government Resolution no. 2524-r dated December 25, 2012, “On Adoption of the Strategy for the Long-Term Development of the Russian Federation Pension System”; Code of Legislation of the Russian Federation, December 31, 2012, no. 53 (part 2), art. 8029.

2. International Labor Organization Social Security (Minimum Standards) Convention no. 102, Convention and Recommendations adopted by the International Labor Organization, 1919–56. Vol. 1. Geneva: International Labor Organization, 1991, pp. 1055–86.

3. Russian Federation government Resolution no. 1662-r dated November 17, 2008, “On the Conceptual Plan for the Long-Term Socioeconomic Development of the Russian Federation for the Period until 2020”; Order no. 597 of the president of the Russian Federation dated May 7, 2012, no. 597, “On Activities to Implement State Social Policy”; Russian Federation government Decree no. 298 dated April 15, 2014, “On Approval of the Russian Federation Government Program ‘Promoting the Employment of the Population’”; Russian Federation government Resolution no. 349-r dated March 3, 2015, “On Approval of Integrated Measures Aimed at Improving the System of Secondary Professional Education for 2015–2020”; Main Directions in Russian Federation government Activities for the Period until 2018 (revised) (adopted by the Russian Federation government on May 14, 2015); and others.

4. Order no. 597 of the president of the RF dated May 7, 2012, “On Activities to Implement National Social Policy,” Rossiiskaia gazeta, 2012, no. 102.

5. See regulation.gov.ru/project/26603.htnil.

6. Order no. 597 of the president of the RF dated May 7, 2012.

7. Federal Law no. 408-FZ dated December 1, 2014, “On Amendments to Article 1 of the Federal Law ‘On the Minimum Wage,’” Rossiiskaia gazeta, 2014, no. 275.