Russia - Work till you die - Trump needs to hear about this

[packman]

Prime minister Dmitry Medvedev announced on Thursday the Russian state pension age would be hiked from 60 to 65 for men by 2028 and 55 to 63 for women by 2034.

Expected to be officially adopted by next year, the new policy would mean the country’s retirement age for men would be only a year lower than the World Health Organisation’s estimated life expectancy for a Russian man of 66.

World Bank estimates also had Russian male life expectancy at 66, while the CIA’s World Factbook had it at 65. Women can expect to live to about 77.


Instead of a gold watch, they give you a coffin at your retirement party



https://www.independent.co.uk/news/world/europe/russia-retirement-age-life-expectancy-putin-world-cup-distraction-laws-a8402576.html?utm_source=reddit.com

[PoindexterOglethorpe]

1. Do keep in mind that life expectancy is at birth.

Russia's life expectancy has fallen in recent decades because of increased infant and childhood mortality, plus a lot of men essentially drinking themselves to death in mid life.

Which means, depending on how they fund their state pensions, there are not enough working people to pay the taxes for the pensions.

In our system of funding Social Security, we have a lid on the income level from which we collect the taxes to pay for it. Our shortfall could be solved very quickly by raising that top level, maybe even eliminating it altogether.

[SWBTATTReg]

2. Eliminate the cap! Should be no discussion needed at all! NT

[packman]

3. 1,000% agree - Lift that cap