Russia's government proposes to raise retirement age: PM

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© 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.

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