August 28, 2018 / 8:20 AM / 4 months ago

Russia's Putin says pension reform must be balanced and cautious

OMSK, Russia, Aug 28 (Reuters) - Russian President Vladimir Putin said on Tuesday that any decision on reforming the pension system must be balanced and cautious.

The Russian government earlier this year backed legislation that would sharply raise the retirement age for Russians in a bid to boost the economy, a move that opinion polls show most Russians oppose.

Putin told a government meeting in the Siberian city of Omsk on Tuesday that the issue concerned millions of people and that any changes in the pension age must provide a worthy standard of living for people.

He did not announce changes to the reform plan, but said he had asked the government to consult with political parties, public organisations and regional administrations to review the legislation. (Reporting by Vladimir Soldatkin Writing by Andrey Kuzmin Editing by Andrew Osborn)

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