Contents tagged with pension reform

  • Russian opposition leader Navalny released after 50 days of arrest

    Alexei Navalny, a leader of the Russian opposition, was released on Sunday after 50 days of arrest.

    In September, he was released after 30 days of arrest aftre organizing an unauthorized protest.

    However, he was arrested again on the very day of his release due to a demonstration against the pension reform supported by the government. The reform implies raising the retirement age to 60 for women and 65 for men. Over a thousand people were detained during the protests against the pension …

  • Putin’s ratings plummet due to unpopular pension reform

    In under a year, Russians’ faith in their president Vladimir Putin has fallen by 20 percentage points, Levada Center reports. In November last year before the start of the presidential election campaign, this figure was 59%, but by September 2018 it had dropped to 39%. In the period between June and September, he lost 9 percentage points. The distrust rating simultaneously grew from 7% to 13%.

    The pension reform and socio-economic issues have affected the population’s faith in all office- …

  • Confidence of Russians in a better future reaches all time low

    The pension reform, the depreciation of the ruble, the endless sanction conflict with the West and the government’s plans to raise taxes after a record drop in the population’s real income – all of these factors have undermined Russians’ faith in the country’s prospects.

    At the end of the second quarter, 50% of Russians thought that the country’s worst times were yet to come, according to a report on social well-being by the National Research University Higher School of Economics (HSE).

    In …

  • Kremlin warns Google against 'interfering in Russian elections'

    Google, which owns YouTube, has entered into discussions with “the Russian competent authorities” regarding the videos posted by Russian oppositionist Alexei Navalny calling for protests against pension reform, stated Andrey Klimov, chairman of the Russian Federation Council’s temporary commission on protection of state sovereignty.

    “This gives reason to hope for the possibility of preventing interference in the Russian elections by the mentioned American corporation,” he said. If Google …

  • Putin says Russian pension system may collapse

    On Friday, Russian President Vladimir Putin commented for the first time on the bill to increase the retirement age , which had its first reading in the State Duma the day before.

    According to him, to leave the pension system in its current form would be tantamount to “trickery”, because either the system itself will “give out”, or the budget, which is paying for roughly half of its expenses (3.3 trillion rubles out of 7), will.

    “For five pensioners there are six working persons today, and …

  • Protests held in Russia over the increase in the pension age

    On Sunday, thousands of Russians protested the increase of the pension age. However, no demonstrations were held in the World Cup host cities due to a regulation banning protests in those cities for the duration of the Championship. The Sunday protests were led by supporters of the Kremlin’s most established opponent, Alexei Navalny.

    Navalny stated that his supporters organized protests in 39 cities throughout the country, from the Russian Pacific Coast to Murmansk. Most of the rallies were …

  • Peskov: Putin works regardless of ratings

    Russian President Vladimir Putin is pragmatic about changes in his ratings, he carries on doing his job without looking at these indicators, Presidential Press Secretary Dmitry Peskov told reporters.

    “I would not want to exaggerate. Undoubtedly, the government’s initiative with respect to the pension reform is an extremely socially significant and socially prominent topic. It will be subject to further scrupulous clarification,” Peskov replied, when asked whether the Kremlin is concerned about …

  • IMF not satisfied with pension reform in Ukraine

    The International Monetary Fund (IMF) has been dissatisfied with the pension reform adopted by the Verkhovna Rada of Ukraine on October 3rd, Acting Chairperson of the National Bank of Ukraine Yakiv Smoliy said at a meeting with business representatives.

    Smoliy said the IMF had five main grievances with Ukraine.

    “Ukraine has certain responsibilities before the IMF that must be fulfilled. The pension reform was adopted but not in the proper way. A draft law on privatization so far has been …

  • Ukrainian President Poroshenko signs pension reform

    The adopted changes will mean that, as of October 1, the minimum pension amount will increase from 1312 ($49.52) to 1452 ($54.80) hryvnia.

    The pension reform envisages an incremental lengthening of the necessary contribution period before retirement to 25 years in 2018 and to 35 years in 2028.

    From 2019, there are plans to introduce a contributory scheme. Persons who, according to current legislation, will be subject to the statutory state pension contribution on January 1, 2019, will be …

  • IMF calls on Ukraine to carry out pension reform

    The International Monetary Fund (IMF) said that the decisive condition for the revision of the cooperation program with Ukraine is the pension reform implementation. It was stated by IMF official representative William Murray during a briefing in Washington, Interfax-Ukraine reports.

    "We call on the authorities and parliament to ensure that the bill on increasing pensions reaches the reform goals that have been developed by the IMF and the World Bank. We are ready for further cooperation with …