Emmanuel Macron wants to raise the French retirement age

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Emmanuel Macron wants French workers to be more hardcore, if not mask-level hardcore.

On Tuesday, the French president committed I am a cardinal sin To demand his citizens, you know, do a little more work, when he presented plans to raise the country’s minimum retirement age from 62 to 64 years of ripe old age by 2030.

Let them eat cake (with dentures)

France has already spent the past year, with inflation hovering around 6% – the highest mark since 1985. But that hasn’t stopped Macron from trying to strike some 400 of the country’s incredibly labor-friendly. Work Law without The beginning of the fourth revolution. Now, the centrist politician is returning to the forefront of pension reform, a battle he walked away from in December 2019 after his proposals sparked the longest labor strike in modern French history. Again, Macron is proposing a multifaceted overhaul of pension policy that would raise the retirement age by two years and streamline the country’s 42 pension plans into a universal system.

Although France’s pension program looks good right now — with profits expected to be €3.2 billion in 2022, according to a recent pension advisory panel report — the country’s aging population means the system will start losing money this year. Unions are already threatening resistance, and Macron, without a unified government after his Renaissance party lost control of France’s lower house of parliament in June, will likely have to make a few concessions to pass the law:

  • Macron has already lowered his proposed retirement age from the 65-year-old threshold he campaigned on, though he may have to settle for a slower ramp-up to win critical votes from conservative Les Républiques in the National Assembly that would set the retirement age. 63 in 2027 and 64 in 2032, analysts said say The Wall Street Journal.
  • Les Républicains can demand an increased minimum pension payout of €1,200 per month, an increase from the €953.45 per month check currently sent to retired French seniors.

To make peace with the unions, Macron could allow workers to physically demand jobs to retire by 62, although this measure is unlikely to quell labor discontent. “If for Emmanuel Macron, this is the mother of all reforms, it will be the mother of all wars for us,” said Frédéric Seuillot, general secretary of the Union Force Overiere, ominously. WSJ.

European Holidays: So how liberal is the labor law of France? Equally labour-averse Italians still have to work until their 67th birthday, while UK and German citizens can retire at 66. Meanwhile, in Sweden, the retirement age remains at 62. But even the Elysée lacks fairness. : If the move is approved, Macron, 45, will have nearly two decades until retirement, while his wife at 69 is already five years ahead.

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