Increase of the retirement age and changes in VAT were among the most debatable legal changes in 2018. The changes came in force on 1 January 2019 effectively raising the retirement age for males up to 65 and for females – up to 60.
It should be noted that the retirement age will be raised gradually. In 2019, the groups of citizens to retire are as follows:
- males born between 1 January and 30 June 1959 inclusive, at the age of 60.5
- females born between 1 January and 30 June 1964 inclusive. At the age of 55.5.
Legal Basis and Details
Federal Law No. 350-FZ dated 03.10.2018 “On Amending Certain Legislative Acts of the Russian Federation concerning Award and Payment of Retirement Benefits”
Subscribe to our publications
We write only about the most important. You will be the first to know about economic events that affect your business, how to reduce costs, optimize the company's operations and make the right management decisions without immersion in operational processes.
Subscribed
