Putin waters down pension reforms after public anger

Aug 29, 2018, 7:07 AM EDT
Russian President Vladimir Putin said he is introducing a raft of measures to better accommodate people’s interests in the pension reforms.
(Source: Алексей М/flickr)

Yielding to the growing public outcry over the government’s proposed reforms in the pension system, Russian President Vladimir Putin said he is introducing a raft of measures to better accommodate people’s interests.

Putin’s approval rating dropped from 80 percent to 60 percent after the government proposed to raise the retirement age for women by eight years and for men by five years in response to a shrinking workforce-age population, reports the BBC.

Opinions polls showed that nearly 90 percent of the population was averse to the original proposals, notes CNBC. Putin’s political rivals attempted to seize the opportunity by organizing mass protests and opposition leader Alexei Navalny was handed down 30 days in jail for violating public protest laws.

 

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