Russia's government proposes to raise retirement age: PM

© Reuters. Russian PM Medvedev chairs a meeting with his deputies in Moscow© Reuters. Russian PM Medvedev chairs a meeting with his deputies in Moscow

MOSCOW (Reuters) – The Russian government proposes to increase the retirement age to 65 years from 60 for men and to 63 years from 55 for women, Prime Minister Dmitry Medvedev said on Thursday.

The government proposes to change the retirement age gradually, starting from 2019, Medvedev said, adding that this would allow for an increase in pension payments.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.