Dmitry Medvedev: Russia's government proposes to raise retirement age

The Russian government proposes to increase the retirement age to 65 years from 60 for men and to 63 years from 55 for women, Prime Minister Dmitry Medvedev said on Thursday, Reuters reports.

The government proposes to change the retirement age gradually, starting from 2019, Medvedev said, adding that this would allow for an increase in pension payments.