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Russia to Increase Retirement Age

<p>Russian President Vladimir Putin&rsquo&semi;s approval ratings have plummeted since last month&comma; when officials announced a proposal to gradually push the state pension age to 63 for women and 65 for men&period;&nbsp&semi;<&sol;p>&NewLine;<p>The policy marks the first change to retirement norms since they were established during the 30&rsquo&semi;s&period; Retirement ages are currently set at 55 and 60&period;&nbsp&semi;<&sol;p>&NewLine;<p>The change&comma; which&nbsp&semi;will occur gradually over the next 15 years&comma;&nbsp&semi;is expected to increase Moscow&rsquo&semi;s value-added tax from 18&percnt; to 20&percnt;&period; Prime Minister Dmitry Medvedev&comma; who announced the proposal on June 14th&comma; described the tax increase as &ldquo&semi;unavoidable and long overdue&period;&rdquo&semi;<&sol;p>&NewLine;<p>Last Thursday&comma; Russian lawmakers voted 328-104 in a preliminary vote on the proposal&period;&nbsp&semi;<&sol;p>&NewLine;<p>According to statistics&comma; nearly 60&percnt; of Russian men die before age 65&period; And while the average Russian woman lives to age 73&comma; employment opportunities in old age are sparse&period; If the proposal is approved&comma; a large portion of Russians will work until the day they die&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;I&rsquo&semi;ve worked my whole life and paid taxes&comma; and now the government wants to chase me out of my pension&comma;&rdquo&semi; complains Stanislav Orlov&comma; 47&period;&nbsp&semi;<&sol;p>&NewLine;<p>Meanwhile&comma; roughly 15&percnt; of the Russian population lives in poverty with monthly incomes of less than &dollar;157&period;&nbsp&semi;The average pension is about &dollar;230 per month&period;&nbsp&semi;<&sol;p>&NewLine;<p>According to polls&comma; more than 90&percnt; of Russians oppose the increase in retirement age&period; Over 2&period;5 million Russians have signed a petition calling on Putin to abandon the plan&period;<&sol;p>&NewLine;<p>&ldquo&semi;For the first time&comma; Putin&rsquo&semi;s ratings aren&rsquo&semi;t coinciding with the ratings of Mother Russia&comma;&rdquo&semi; says political commentator Andrei Kolesnikov&period; &ldquo&semi;Mother Russia is rising&comma; but the father of the nation is falling and dragging down with him all government institutions&period;&rdquo&semi;<&sol;p>&NewLine;<p>Opposition to the policy change has pushed Putin&rsquo&semi;s approval ratings down from 77&percnt; to 63&percnt; &&num;8211&semi; the lowest they have been since the controversial annexation of Crimea in 2014&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Medvedev and Putin raising the pension age is a genuine crime&comma;&rdquo&semi; insists Kremlin critic Alexei Navalny&period; &ldquo&semi;It&rsquo&semi;s a simple robbery of tens of millions of people masquerading as a necessary reform&period;&rdquo&semi;<&sol;p>&NewLine;<p><em>Putin&comma; who in 2005 promised he would never increase the state pension age&comma;&nbsp&semi;claims the policy change is necessary in order to boost economic growth&period;&nbsp&semi;<&sol;em><&sol;p>&NewLine;

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