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Putin' up the Pension Age

President Putin has just spent half an hour on TV pleading with Russians to accept raising age pension age from 55 to 60 for women and from 60 to 65 for men. The concession he offered to placate his declining popularity is cutting the previously announced change for females from 63 to 60.

However Mr Putin is having trouble winning men over on this. In a country with some of the worst male life expectancy figures in the world for men, few think they would now live to get the pension. Male life expectancy is 67.

Meanwhile back in Australia, a new Prime minister Mr Morrison must face an election next year with a Liberal party policy increasing pension age to 70 for men and women. He also has the baggage of having been Minister for Social Security and cutting 90,000 existing age pensioners off from the age pension with means test changes a couple of years ago.

Posted Sunday, 2 September 2018

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