New Retirement Schedule Published by Federal Reserve: Year-by-Year Breakdown
Planning to Retire in 2025? Brace Yourselves, Russians! 🌟
️💥 Surprise! No Automatic Pensions in 2025 for Russian Folks 💥
Got your retirement plans set for 2025, fellow Slavs? Better think again! The ongoing pension reform in Russia has thrown a wrench in the works. This reform gradually raises the retirement age, and in 2025, there's a "pensionless" year for both men and women. Yikes! 😱
Why the Age Hike?
The pension age is climbing, my dear compatriots. Here's how it breaks down:
- Men born in 1961 could retire at 64 in 2024, but those born in 1962 gotta wait till 66, starting in 2026. Those born in 1963 and onwards will retire at the brand new, fixed age of 65.
- As for the ladies, those born in 1966 could retire at 58 in 2024, but those born in 1967 have to wait till 59, also starting in 2026. The retirement age for women will be 60 from 1968 onwards.
So, no one qualifies for a new pension in 2025, which explains why mass retirements aren't happening that year. 🎈
Who Can Still Hang Up Their Boots in 2025?
Fear not if you're in one of these categories: workers in hazardous industries, residents of remote regions, or those with a long work history (42 years for men, 37 years for women). You might still be able to leave the workforce early. 🎉
When Things Return to Normal
The transition period ends in 2029, and the pension system will resume its regular, uninterrupted operations. Until then, mind those gaps in payments, as they're a necessary, albeit temporary, annoyance. 😪
Experts advise taking a proactive approach: check your eligibility for early retirement through the Gosuslugi portal, the Social Fund website, or at your local Social Fund office. It's particularly crucial if you think you might qualify for early retirement. 🔎
Sources:- Pension reform in Russia- New pension ages in Russia- Russian pension system
In light of the pension reform in Russia, it's essential for those planning to retire in 2025 to be aware of the changes, as there will be no automatic pensions that year. Additionally, maintaining the health-and-wellness of aging individuals, including mental health, will become increasingly important as the retirement age rises and people may need to work longer.
