Estimated economic effect of raising the retirement age


Photo: Ilya Pitalev / RIA Novosti

Experts of Alfa-Bank calculated that the net economic effect of the pension reform for the budget could amount to about 100 billion by 2024. Overview of the Center for macroeconomic analysis “Pension reform in Russia: to be or not to be?” is at the disposal “of the”.

So, the Pension Fund of Russia (PFR) will be able to save after raising the retirement age of about 800 billion rubles annually, of which 700 billion will be spent on increasing pensions.

In addition, it is expected that raising the retirement age will increase the working population of 1.6 million people. Analysts of alpha Bank consider an unpopular measure inevitable because of the deficit of the PFR is growing, presenting a risk to the budget.

President Vladimir Putin earlier signed a law to change parameters of the budget of the FIU in 2018. According to the new amendments, the income of the Fund in 2018 will be reduced by 66.8 billion rubles and will amount to 8,266 trillion rubles. The cost, on the contrary, will increase by 92.1 billion relative to the level budgeted in 2018, up to 8,532 trillion rubles.

According to government plans, the retirement age will raise gradually to 65 years for men and 63 years for women in 2034. The beginning of reform is scheduled for 2019.

Video, photo All from Russia.


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