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Evgeniy Drozhin

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Countries with ageing population should have a retirement age of 70.

Nowadays it's really relevant to talk about such reforms.

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    Feb 7 2013: There is a need of a fundamental transformation of the pension systems as we know them. Mere raising of the retirement age is just posponing the inevitable. What needs to be done is a reform that will make the system sustainable. Pension systems - whether people like it or not - need to be based primarily on individual savings in order to be sustainable. Such system requires responsibility from the people which is, however, hard to come by these days.

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