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Don't hand out cash to pensioners like communists, Russian bank chief says, insisting under capitalism elderly should pay own way

September 23rd, 2021
Categories: News

Link: https://www.rt.com/russia/535621-elderly-people-pension-income/

Director of Russia's central bank, Sergey Shvetsov, told lawmakers elderly people shouldn't be dependent on state funds. , insisting "citizens should retire with a good pension package built up by themselves throughout their lives. This is called capitalism. When a person retires and relies entirely on the state – this is called socialism.

AMERICANS PAY FOR THEIR RETIREMENT WITH DEDUCTIONS FROM THEIR PAYCHECKS EVERY WEEK FOR DECADES INTO A GOVERNMENT SOCIAL SECURITY PENSION

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