The retirement age in France will rise to 64 from 62 by 2030, Prime Minister Elisabeth Borne announced Tuesday, detailing an unpopular reform of the pension system that risks strikes and will test President Emmanuel Macron’s ability to deliver change.
#retirement #pensions #France
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France’s government is set to raise its retirement age to 64 by 2030 as part of a controversial pension reform package. The move is aimed at boosting the country’s economy and making its pension system more sustainable.
The French government, along with President Emmanuel Macron, has been pushing for pension reforms that aim to save billions of euros by reducing the country’s growing pension deficit. The reforms will require people to stay in work longer and are aimed at making the state pension system more financially sustainable.
The move to raise the retirement age has been met with widespread opposition across the country, with protests being held in major cities including Paris, Marseille, Lyon and Toulouse. The reforms have sparked mass strikes, with workers from various sectors taking part in protests and strikes, including transport workers, hospital staff, and teachers.
Opponents of the changes argue that increasing the retirement age will negatively impact those who work in physically demanding jobs or who have health problems, as well as women who are often forced to leave work earlier due to caring responsibilities.
While the French government has sought to address some of these concerns by offering early retirement options for those in physically demanding jobs and those with health issues, many still fear the overall impact of the changes.
The government argues that long-term demographic trends make pension reform necessary and that the current system is unsustainable. The pension system is under pressure due to a combination of factors, including an aging population, low birth rates, and an increasingly competitive global economy.
Despite the opposition to the reforms, many experts argue that they are necessary if France wants to remain competitive and maintain a strong economy. Some argue that the country’s generous pension system is unaffordable and that changes are necessary to ensure its long-term sustainability.
In the end, the success of the pension reform package will depend on the government’s ability to address concerns and convince the public of the need for change. If the reforms are successful, it could help to ensure the long-term sustainability of the French pension system and boost the country’s economy. However, if the government fails to win over public opinion, it could face an ongoing battle with widespread protests and strikes.
Canada 67 for retirement age. If you don't want to work save and invest. Best way to retire early. Stop drinking and smoking and save more.
Bruh. The USA age is basically forever while the french are complaining about an extra 2 years. 2 years is a long time but to me its a bit unreasonable to destroy people's cars as i've seen.
At the exact same time the UK government has been considering raising the age to 68 on the fly, hoping their pro conservative media (almost every UK newspaper) remains quiet. Coincidence?
The pyramid scheme needs some more bricks.
In Australia our retirement age is 67, I think it’s funny seeing what happing there, m8 I wish we could retire at 64 over here, you guys have got it sooooooo easy
I dont care what the government says i live in canada and im retiring at 60. 23 now and have been saving already
Hey, French. American here. We retire at 65. Then we get a part time in the same place to keep going. Retirement is just a supplemental income. The ones we want retiring are polititians!!!!! They are still drawing their checks while being burried into their 90's
People, stop protesting against the higher retirement age. Your president is right. Your country is part of the EU. Europe buys one million grenades for Ukraine. Such a beautiful and extremely useful gift has to be paid for, right?
Russian bots having a field day with this
Not fair to blue collar workers,who die earlier. Retire ‘before you die- best plan
Vive la révolution!!! Descendre dans la rue!!!
working is a healthy activity. As we stay much healthier later in our life we SHOULD increase required and planned retirement ages! Why not? I am 63 and enjoy working and the income that comes from it. Suppose we start to live to 120? Should we still retire at 62 or 65 when we are still healthy? Ask yourself what is better for you and more importantly what is better for your country and your society? Stay firm Marcon! Better to fight this battle now than to wait 20 years until France in bankrupt and fight it then.
Working class expected to work longer but politicians get to retire early
The people telling you that you have to work into your 60's are the same people which won't hire you after you're in your 50's.
But I am le tired.
Blackrock
What is best for the country? Are the sacrifices made by the people to protect the country as a whole? Should high ranking public workers who might receive more than their share of benefits throughout their working life be subject to greater decreases in future benefits.
Goverment wants for people retirement in the grave.
Should be 69
64 is fine government people all they do Is talk all day
64 is old for heavy construction
American here. You guys get to retire?
Used to be 55 in some countries before.
only way france will change is no bailout from ECB, just like Greece.
Good news, those reforms and some more were long overdue!
Normally in many countries is 67, and some countries dont even have pension.
66 in England. But money needs to be saved to deal with the climate crisis, which, if not attended too, will cost $100s of billions in various climate disasters. Just like last year.