Russian Finance Minister on coincidence of date of pension reform declaration with 2018 World Cup start

Russian Finance Minister on coincidence of date of pension reform declaration with 2018 World Cup start
Anton Siluanov

First Deputy Prime Minister and Finance Minister Anton Siluanov said that the government did not do it at the right moment announcing the pension reform on June 14 - the 2018 World Cup first day.

Siluanov spoke about this in the air of the Pozner program, explaining the announcement of retirement-age increase on the day of the 2018 World Cup start by "purely coincidence." "There was no fitting," he assured.

However, according to the First Deputy Prime Minister, the government initially planned to declare its proposals in earlier times, but "completed” some details.

Siluanov recalled that the issue of the retirement-age increase was raised by his predecessor Alexei Kudrin, as the topic is very complicated, RBC reports.

"This is not a decision of one, two, three, or five years; this issue is to be completed in 30, 50, and even 70 years. If you look at what is to happen to the pension system out of the three-year budget, this is not going to end in anything good; so the system is to be unchanged," Siluanov said.

When Pozner asked whether it is not supposed to reduce the new retirement age, Siluanov replied that the idea is completed: "You know, we do not make two moves."

Prime Minister Dmitry Medvedev announced a retirement-age increase decision on June 14. On the same day, the Russian team defeated Saudi Arabia by a score of 5:0. A day after the win the bill was submitted to the State Duma.

The reform is planned to be implemented in stages over 15 years. According to the bill, the period of men's retirement will increase to 65 years by 2028, women - up to 63 by 2034. The government explains it with the changes in the demographic situation and the decrease in the proportion of working Russians and the growing number of pensioners. Also, it is reported that the deficit of the Pension Fund is 1 trillion rubles and it is impossible to compensate it from other sources. The first reading of the bill on pension reform in the State Duma is scheduled for next week.



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