Russia softens pension reforms

Wednesday, 29 August 2018 - 18:34

Russia+softens+pension+reforms
Russian leader Vladimir Putin has softened planned pension changes following angry protests and a slump in his approval rating.
 
He said the retirement age for women would be increased from 55 to 60 instead of to 63. But a five-year increase for men, to 65, would stay.
 
In a rare TV address, Putin said the country's working-age population was shrinking, making change essential.
 
Unions have warned that many will not live long enough to claim a pension.
 
Russian men have a life expectancy of 66 while for women it is 77, the World Health Organization says.
 
The issue has seen support for Putin fall to 64% from 80%, according to VTsIOM state pollster.


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