26 September 201613:56
Finance Ministry: No Pensions for Still Employed
UrBC, Moscow, September 26, 2016. Russia’s Finance Ministry suggested not paying any pensions to people who’ve reached the retirement age but are still employed and earn over 500,000 RUR a year, Kommersant reports. They also have some less harsh proposals, with no-pension threshold at over 1m RUR a year. The Finance Ministry also recommends canceling the flat payment of 4,559 RUR a month for those whose income exceeds 2.5 living wages (22,000 RUR a month). The goal is to keep the federal budget balanced in 2017-2019. According to the officials, the no-pension amendment for those with income