Thousands of Russians protest pension reform
Thousands of Russians in more than 80 cities and towns protested proposed government pension reforms on Sunday. The proposed reforms would gradually raise the retirement age for women to 60 and men to 65. It's been widely criticized because Russian unions say many men won't even live long enough to claim their pensions. The life expectancy of a Russian man was 66 in 2016. It was 77 for a Russian woman.
Class discussion: What was the average U.S. life expectancy in1935 when Social Security first set a retirement age of 65? The age limit for full retirement benefits under Social Security has since risen to 67. What is the average U.S. life expectancy today? How do insurance companies and private pension plans use life expectancy figures? How does income determine Social Security benefits or even how much survivors receive in a plane crash? What are actuarial numbers?
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