Russian officials reportedly explore possibility of preserving some retirement benefits, as pension age is set to rise
The Russian authorities are reportedly exploring the possibility of preserving retirement benefits (not retirement payments) at the country’s current pension ages (55 for women and 60 for men). Sources in the government and the political party United Russia told the magazine RBC that the policy could be added as an amendment to legislation to raise the retirement age. RBC’s sources claim that additional funding would not be necessary to maintain existing pension benefits.
Russian pensioners are exempt from several taxes on real estate, transportation, and land. Senior citizens also enjoy regional benefits on public transportation and subsidies on housing and other bills.