How The Russians Deal With Social Security

People over 55 in Russia are entitled to a pension of about $300 Cdn a month. The money has to cover their apartment and all of their living expenses.

In order to see how diabolical this scheme is, we need some backstory. According to Wikipedia, “Life expectancy is a statistical measure of the average time an organism is expected to live, based on the year of its birth, its current age and other demographics including gender. Mathematically, life expectancy is the mean number of years of life remaining at a given age, assuming age-specific mortality rates remain at their most recently measured levels.” Basically most people in the world will start checking out sometime in their middle to late 70’s. For instance here in the US, the life expectancy is 78.7 years.  The country with the highest life expectancy is Monaco at 89.52 years and the country with the lowest is Chad at 49.81 years. Okay, now we got that out the way, the Russian government has raised its retirement age to within one year of their men’s average life expectancy. Their Prime minister announced the state pension age for retirement would be changed from 60 yrs to 65 yrs for men and from 55 yrs to 63 yrs for women. The average life span for men in Russia is 66 yrs. Experts say that around 40 percent of men and 20 percent of women will not live long enough to claim their pensions under the new rules. Now according to reports, our comrads are not only mad at the change but are saying the government made the announcement while everyone was watching the World Cup. Thats like the playoffs and Super Bowl here. While they were watching their national team win 5-0 over Saudi Arabia, critics say the government was flipping the script. The Confederation of Labor of Russia (KTR), a national trade union said, ” KTR does not support such decisions and declares its intention to launch a broad public campaign against its implementation.”

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