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Putin addresses the nation on future changes in Russian pension system (WATCH LIVE) Putin details amendments to soften impact of impending pension system reform
(35 minutes later)
Russian President Vladimir Putin is making a televised address to the nation on the planned reform of the state pension system, which has caused heated debates in the parliament and media. In a televised address to the nation, the Russian president proposed moves that would ease the transition to a new pension system, such as making it illegal to fire employees approaching retirement age.
Watch the address live: In the much-anticipated address, Putin also acknowledged that in the early 2000s, he was against any changes to the Russian pension system and promised that there would not be any as long as he is the president. He stated that, at that time, it was a sound position due to the high unemployment rate, poverty, galloping inflation, and relatively low life expectancy.