We were left without an old-age pension. Now millions of elderly people in Russia are forced to work Posting in CHAT: Russia Deputy Prime Minister of the Russian Federation Tatyana Golikova announced an increase in the number of workers in the labor market associated with an increase in the retirement age. This left about 2.7 million people in the economy. According to Golikova, approximately 60% of Russians who have reached retirement age continue to work. She stressed the importance of creating a training system for older people during their working life in order to better utilize their potential. Golikova also noted that by the end of 2023, labor force participation of people aged 40 to 54 had peaked at 93%. Let us recall that in 2019, Russia began a gradual increase in the retirement age by five years: up to 65 years for men and up to 60 years for women. These changes in pension legislation encourage people to continue working at an older age, which in turn contributes to an increase in the number of workers and the overall economic development of the country. Source link Source link