London/Paris
CNN
—
The French authorities is planning to lift the official retirement age by two years as a part of a long-delayed reform to the nation’s pension system that was met with enormous protests by labor unions the final time it was tried.
New laws would require French residents to work till 64, from 62 presently, to qualify for a full pension. From September this yr, the common retirement age will enhance by three months a yr till 2030.
The greater retirement age ought to sort out a pension funding deficit, Prime Minister Élisabeth Borne informed reporters on Tuesday as she laid out the reforms.
“I am well aware that changing our pension system raises questions and fears among the French people,” she mentioned, however added that permitting the deficit to develop can be “inexcusable.”
Other adjustments introduced by Borne embody rising the minimal…
2023-01-10 12:55:07 French employees can retire a lot youthful than most. That’s about to vary
Link from www.cnn.com