The discrimination of the elderly in Russia

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Russia remains one of the worst countries in the world for retired residents. In the Global Pension Index 2017 it ranked 40th out of 43 possible, losing to Turkey, China and Mexico. Below Russia in the ranking only Brazil, Greece and India are located.

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For more than 10 years, the percentage of the population at retirement age has been steadily increasing. Today there are about 45 million pensioners in Russia, so one third of the country is under the care of a pension fund. For example, in 1991 there were people of retirement age about 32 million, with a total population of 148 million people. Thus, over the past 27 years the number of pensioners has grown by 10%.

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The US pension system is significantly different from the Russian one. Following the principles of gender equality, American men and women retire at the same time, upon reaching the age of 65, while the average life expectancy in America reaches 80 years. The state pension system covers almost all working Americans who paid insurance premiums during their insurance years. It provides them with an average pension, which in translation to the Russian currency today is about 85 thousand rubles. But the "trick" is that the American system gives the pensioner three sources of retirement income - in addition to the state, a working American can participate in corporate and private savings systems. Moreover, the corporate accumulation system is organized at the place of employment, but is also regulated by the state.

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Retirement Income Adequacy Ranking

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Well, we think until Russian elderly are poor and get the lowest retirement income in the world, they are discriminated by our Government. Our society must change this terrible situation!

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Thank you for your attention!