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“It is high time to raise Russia’s retirement age. This is a necessary measure as the number of retirees grows”, said Lilia Ovcharova, director for Social Studies and director of the Institute for Social Policy, HSE, in the interview to the Vesti.ru: Russia 24

Without any extra sources of the pension funding, the pensions can go only lower under the current demographic situation. The raise of the retirement age is the price we have to pay to keep the pensions growing.

The interview is on the link