“The current proportion of employees who pay pension contributions to the Pension Fund and the pension recipients will not allow the pension to grow in the coming years. Under current legislation the pensions will only fall. To index pensions higher than inflation we need drastic measures”, said Lilia Ovcharova, director for Social Studies, HSE, in the interview to the Pervyi (One) TV Channel
“The majority of the countries with the comparable level of development, including the countries of the former Soviet Union, have already raised the retirement age”, added the expert.
The article from June 17, 2018, is on the link