Putin softens pension reforms

Russian President Vladimir Putin has softened plans to reform pensions following angry protests and a slump in his approval rating.

He said the retirement age for women would be increased from 55 to 60 instead of to 63. But a five-year increase for men, to 65, would stay.

“The retirement age for women should not increase more than for men. That’s why I believe it is necessary to reduce the increase in the retirement age for women proposed by the law from 8 to 5 years,” Putin said, TASS reports.

Mr Putin said the country’s working-age population was shrinking, making change essential.


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