AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

A Russian government proposal to hike the state pension age to 63 for women and 65 for men had as of Monday seen more than 1.5 million people sign a petition against the move. Russian Prime Minister Dmitry Medvedev proposed the highly controversial move, which would be the first raise to the pension age in nearly 90 years, last week as the World Cup kicked off in Moscow.
The state pension age in Russia is the same as it was under the Soviet Union: 55 for women and 60 for men. With life expectancy on the rise, more than a quarter of the Russian population of 146.9 million is now over that age.
Medvedev called for the pension age to be gradually increased from next year, reaching its targets in 2028 for men and 2034 for women. A Change.org petition posted last week by an alliance of trade unions had been signed by more than 1.53 million people as of Monday morning, in a rare show of public opposition to a government proposal, raising the prospect of street protests.
The petition argues that raising the pension age means many Russians will never actually receive it.
"Forty percent of Russian men and 20 percent of Russian women do not reach the age of 65. In other words, if the retirement age is raised these people will simply not survive to have their pensions," the authors say.
Average life expectancy for Russian men is 67, while for women it is 77, according to official statistics.
President Vladimir Putin has kept a distance from the reform put forward by the premier, his close ally, apparently aware of its unpopularity.
In a question-and-answer session this month, he said that he took a "very cautious and careful" approach to the possibility of raising the pension age.
A source close to the presidential administration told Vedomosti business daily on Monday that the Kremlin fears possible protests.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.