Russia Raises Retirement Age Above Life Expectancy For 40% Of Men

An estimated 40% of Russians may never live to retire, after Prime Minister Dmitry Medvedev announced that the age to receive a Russian state pension would be raised from 60 to 65 for men by 2028, and from age 55 to 63 by 2034 for women. The draft legislation was discussed in the Russian cabinet on Thursday. There is one problem: a substantial portion of the Russian population will never live that long.

Angry Russians are accusing the Kremlin of announcing the changes while the country is distracted hosting the World Cup. 

Expected to be officially adopted by next year, the new policy would mean the country’s retirement age for men would be only a year lower than the World Health Organisation’s estimated life expectancy for a Russian man of 66.

It estimated around 40 per cent of men and 20 per cent of women may not live long enough to claim their pensions under the new rules. -Independent.co.uk

The Russian Confederation of Labour (KTR) says that the average life expectancy for men is actually less than 65-years-old in over 60 regions in Russia.

“KTR does not support such decisions and declares its intention to launch a broad public campaign against their implementation,” the organization said in a statement

According to the Federal State Statistics Service, in 62 regions of the Russian Federation, the average life expectancy of men is less than 65 years, and in three subjects - less than 60 years.

In other words, if demographic trends continue in Russia as a whole, up to 65 years 40% of men and 20% of women will not live to see their retirement. The implementation of the proposal to raise the retirement age will mean that a significant portion of Russian citizens will not survive to retirement.

The Kremlin, however, disagrees - with Russia's Federal Statistics Service projecting men's life expectancy to reach 74-years-old by 2037, according to Bloomberg.

The unpopular announcement comes as Russia is gripped watching their national team's 5-0 victory over Saudi Arabia in the opening game of the World Cup. 

“Under the noise of the opening of the 2018 World Cup Medvedev announced at a government meeting: the retirement age in Russia should be raised to 65 years for men and up to 63 years for women,” wrote Twitter user Yoshkin Mole.

How about some exoskeletons?

Facing a similar situation with an aging workforce, Japan has taken to outfitting senior citizens with exoskeletons so they don't throw out their brittle backs lifting boxes and whatnot.

In some cases, the solution lies in technologies that help offset senior workers’ deficiencies, like the exoskeletons used by Obayashi at its construction site. The Fujisawa Aikoen nursing home about an hour outside Tokyo started leasing the “hybrid assistive limb,” or HAL, exoskeletons from maker Cyberdyne Inc. in June.

At an office-building construction site in the center of Japan’s capital, 67-year-old Kenichi Saito effortlessly stacks 44-pound boards with the ease of a man half his age.

His secret: a bendable exoskeleton hugging his waist and thighs, with sensors attached to his skin. The sensors detect when Mr. Saito’s muscles start to move and direct the machine to support his motion, cutting his load’s effective weight by 18 pounds. -WSJ (2015)

"In Hokkaido, 60-year-old potato-pickers use rubber “smart suits” making it easier to bend over. Baggage handlers at Tokyo’s Haneda airport employ similar assistance," reports the Journal.

No word on whether they come with Adidas stripes for the Russian market.

Comments

ted41776 Thu, 06/21/2018 - 02:45 Permalink

fools, can't they just write IOUs that their great-great-grandchildren will have to pay like the rest of us civilized people? they're good for it, promise. and if they're not, who gives a shit, won't be around to hear them bitch about it anyway. who gives a shit about their freedom anyway, it's all about right here right now. they got no rights they got no votes. i want i want i want it now. must consume multiple lifetimes worth of foreign shit i can't afford right now make them pay for it /SARC

Shillinlikeavillan ted41776 Thu, 06/21/2018 - 02:50 Permalink

Hey, you know what?

At least they got something to look forward to, I don't expect to EVER see ANYTHING from social security, this article and the very notion of US government sponsored retirement or if russia's version of social security being worse than the US version because they upped the age is a load of BULLSHIT....

 

And I'm willing to bet that russians are living longer than they used to because the country is doing better, thats why they raised the age...

In reply to by ted41776

not dead yet Shillinlikeavillan Thu, 06/21/2018 - 03:20 Permalink

During the Yeltsin years, especially when the Harvard boys ruined the economy and amassed fortunes for themselves and the oligarchs they created, the Russian men hit the vodka pretty hard as the future to them looked bleak. Since Putin took the reins the Russians look forward to the future and the life expectancy for men has increased from the low 50's to the low 60's and is climbing. By the time the raised retirement age kicks in there will be plenty of men around to collect. If the US keeps trying to bury Russia pensions for them, and the rest of the world, won't matter as no one will be alive to collect.

In reply to by Shillinlikeavillan

Adolfsteinbergovitch SoDamnMad Thu, 06/21/2018 - 04:37 Permalink

Yeah Americans are so much better. They have less morbidly obese idiots as everyone knows. 

Americans drink more than Russians nowadays, and we're not talking about food quality. In Russia it is excellent, you can find lots of very healthy food on supermarket shelves. 

National beverage in Russia is tea whereas foreigners always have this stupid cliche about vodka. And tea is very healthy. It's not ice tea in plastic bottles with fructose and shit it's normal tea. It takes a few more minutes to prepare so it's also very social and has more benefits than what meets the eye. Drinking tea with someone is always a special time, therefore a real relationship. Compare this with artificial everything in the states. 

Pension for retirees is quite low and elderly people still work in a vast majority of cases and are accepted because people know that and respect the elders. Guess what? Just like in the USA. Just joking. 

So practically this will only make a little difference. 

Last thing: working helps living longer because you don't sit all day in front of your stupid television doing nothing eating toxic cheap crap you don't even need. Having to move is good for the heart, and social interactions prevent degeneration. 

 

In reply to by SoDamnMad

Killdo Adolfsteinbergovitch Thu, 06/21/2018 - 09:56 Permalink

Americans are by far the most morbidly pathological, diabetic, suffering from Metabolic syndrome, addicted to Monsanto poison shit food bunch of alcoholics and drug addicts I have ever seen anywhere and I have been around the world a few times. 

Mentally the sickest too (suffering from worshiping imaginary friends and real-life psychopaths). AS well as Stockholm syndrome and mania. 

No other county comes even close (apart from the UK perhaps)

 

In reply to by Adolfsteinbergovitch

Theosebes Goodfellow Killdo Thu, 06/21/2018 - 14:51 Permalink

~Americans are by far the most morbidly pathological, diabetic, suffering from Metabolic syndrome, addicted to Monsanto poison shit food bunch of alcoholics and drug addicts I have ever seen anywhere and I have been around the world a few times.~

Yes, but thanks to orthodontics we have the lovely-ist smiles./s

Got any other "I hate America" rants left in you for today?/r

In reply to by Killdo

HRClinton SoDamnMad Thu, 06/21/2018 - 09:12 Permalink

If you know anything about buying horses, you look at their teeth and hooves, to determine their age and health condition. 

Look at the pics: poor teeth and no teeth = bad health, bad nutrition. They look 15-20 yrs older than they are.

Too much starch (bread, potatoes), too little fresh fruits & vegetables -- especially in winter.

Too much alcohol.

Ergo... Rapid aging. Laws of Nature rule, not BS ideology.

In reply to by SoDamnMad

HowdyDoody Four Star Thu, 06/21/2018 - 03:56 Permalink

One crucial element missing is the timing:

"The Russian government has approved raising the retirement age to 63 years for women in 2034 and to 65 years for men by 2028.

https://z5h64q92x9.net/proxy_u/ru-en.en/rusvesna.su/economy/1528985840

In the UK, the retirement age was 60 for women and 65 for men. The retirement age for women was equalized to that of men (good job feminists!). The pension ages are now in the process of increasing to 70 years. The Russians have it lucky. The Independent should be careful what it wishes for. If the same considerations were applied to the UK, the retirement age for women would have to be raised substantially because i) they live longer than men anyway and ii) their income is lower (so the feminists say) which means they contribute less in the first place.

One the other hand, the western-sponsored 'liberals' favor totally removing the pension for everyone. That should improve their chances of election  from 'highly unlikely' to 'no fuckin' way'.

https://z5h64q92x9.net/proxy_u/ru-en.en/rusvesna.su/news/1529416118

 

 

 

 

In reply to by Four Star

Killdo HowdyDoody Thu, 06/21/2018 - 09:59 Permalink

Don't forget - Russian women get a 3 year PAID maternity leave. It's the government that pays - not the company they work for. In Serbia they get a year or more. 

How long is the paid maternity leave in the US of AIPAC? Zero? OR is it half a day? Not sure

No money left for women after they give Israel billions of dollars every year?

In reply to by HowdyDoody

Killdo Ayreos Thu, 06/21/2018 - 10:02 Permalink

Alcoholism is a problem in the US/UK also - I used to work in a pub in central London as a student - it was close to a famous hospital. Doctors would come in to get drunk as soon as the pub opens. 

Brits and Americans can't wait to get drunk or stoned - to run away from reality as early in the day as possible

In reply to by Ayreos

LaugherNYC not dead yet Thu, 06/21/2018 - 09:18 Permalink

Yeah, Vlad has made things so much better!! Why, in the past fur years alone, the economy has shrunk by half!!
What Russia needs to do is pile all the bodies of their dead middle aged men in mass graves, like Stalin did, to ensure a rich future of fossil fuels, since that is their entire economy.

Is. I find it amusing the way his trolls fan out to tell everyone how superior his arms are, and how the West has no chance, and going on about this mystical "invasion" coming from the West, which they will lose, as Russia's superior weapons and manliness will slaughter the faggot Western armies of trans people. This while his hypersonics ignite fireballs in all American cities - from Vlad the humanitarian.

I can only wonder what Russia could have become if, rather than turning towards jingoism and militarism, it had reacted to the post-default corruption with market reform and embracing the West, rather than a hard turn right, accepting the blame for its own mistakes, rather than always pointing to the "other." Debt burdens across the globe would be far lower, and Russia would likely have a $6-8 trillion diversified economy and a far longer lifespan for its people as the engaged in meaningful, constructive work, and enjoyed amity with all people, not just the despots and tyrants of the globe. 

 

In reply to by not dead yet

Adolfsteinbergovitch p4424119 Thu, 06/21/2018 - 05:38 Permalink

Haha you're no longer willing to give out any number because you know these figures are false. So in essence what I was saying earlier holds water: you are seeking people in large numbers on the promise that you will pay them a lot for some shady online porn stuff. And of course these poor idiots will never see anything coming from you. 

I hope you're business works wonders. If it doesn't then you're even more stupid than I thought. 

In reply to by p4424119

kanoli Thu, 06/21/2018 - 02:51 Permalink

That's brilliant!  The State never should have been promising pensions to begin with.  But once they exist, how to take them back again?  It seemed an impossible problem, but the answer is quite simple.  Raise the retirement age a little bit at a time, until it is longer than the human lifespan.  

edotabin Shue Thu, 06/21/2018 - 03:29 Permalink

Hard to fudge when hard numbers involved, especially for something as simple as this.This is a bit too cut and dry.

It's a welcome change to read that other governments (towards the east) do unfavorable things as well. There's a long way to go for some type of balance to be reached but it's good to see.

 

In reply to by Shue

Yen Cross Thu, 06/21/2018 - 03:04 Permalink

 So, anyhow, after 6 small tacos, I'm starting to see some flows.

  It looks like there's some $usd unwinding from bonds. Yields and the curve moving steeper.

  The equity bid overnight is just about low volatility.  The rubber band looks extremely stretched, when you overlay bond yields with equities.

  Not sure where the convergence starts, but probably from worsening emerging markets, and or global tensions.