Get ready for the riots to break out… France’s government has just proposed raising the legal retirement age as it embarks on significant reforms to the pension system, and not for the first time.
The Macron government going many years back was already met with fierce pushback and fury upon earlier similar proposals and major overhaul attempts. The plan was unveiled Wednesday by Prime Minister É lisabeth Borne, and offers raising legal retirement age from 62 in order to 64 by 2030 .
The plan ended short of Macron’s previously suggested 65, and an outline from the proposal seeks to need that workers pay in to the system for two more yrs, raising this from the current 41 to 43 many years paying in.
The Macron government provides argued a major overhaul will be urgently necessary to stave off a coming huge deficit within the system. Macron has been pushing for such reforms considering that his first election in 2017.
According to the details of the plan since summarized in BBC :
- A full pension from 2027 will require working for 43 years (instead of 42 years currently)
- Guaranteed minimum pension income of no less than 85% of the net minimum wage, roughly € 1, 200 (£ 1, 060) per month at current ranges, for new retirees
- Police officers, jail guards, air traffic controllers and other public workers in jobs deemed physically or mentally arduous will keep the correct to retire early
- Their retirement age will be increased by the same number of years as the wider labor force
- End to so-called “ special regimes” with different retirement ages and benefits for rail workers, electrical power and gas workers, among others.
Some of the above listed ‘ sweeteners’ such as the increase in minimal pension to around € one, 200 over and above the current € 900 is an attempt to win the public’s support ahead of it being presented to parliament in the next weeks.
Widely cited recent polls point to around 70-80% of the population opposing Macron’s desired retirement age of 64. Already labor unions are intending large protests to begin next week, including some strikes set to begin Jan. nineteen , with the FT citing the following union leaders offering they are ready for the “ mother of all battles” :
Fré dé ric Souillot, head of the Push Ouvriè re union, put the government on notice earlier this week that unions had been willing to shut down the economy to stop the pensions law. “ If for Emmanuel Macron this is the mother of most reforms, then for us it is the mother of all battles , ” this individual said.
Far-left leader Jean-Luc Mé lenchon called the suggestion a “ plot social regression” , while Le Pen called it “ unjust” and said the French could count on her far-right party’s “ overall determination” to block this.
Protests have already been growing in certain locales, with larger demonstrations expected next week…
It comes at a second of rising cost of living throughout Europe and the West broadly, and amid deep uncertainty over near-future term energy and food prices related to the Ukraine war plus fast-moving geopolitical events.
PM Borne is certainly setting out to convince the population that the system must “ evolve to ensure its future” – given especially that will other European countries have already adjusted. “ I know French individuals are worried about the changes, and want to explain it plus convince them, ” she sought to assure.