Pension reform in France

New demonstration call for withdrawal of the pension reform : The French Chapter

New demonstration call for withdrawal of the pension reform : The French Chapter

Written by: Joy Banerjee Photo : Shutterstock.com On Wednesday May 31, the Social Affairs Committee of the National Assembly, lower house of the French parliament, has rejected article 1 of a bill proposed by the Liot group (center-left and center-right MPs) to reverse the government's reform and raise the legal retirement age, while adopting the rest of the text, forcing the opposition group to reintroduce the measure through an amendment if it wants it to be debated in the National Assembly. This gave impetus to the next demonstration called by the inter-union group on June 6 for the withdrawal of…
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Pension reform in France: face-off between the Government and the Opposition

Pension reform in France: face-off between the Government and the Opposition

Written by: Parshi Barua, Multidimension Desk Photo: shutterstock As planned in the program of President Macron during his second term, the pension reform project is presented on January 10, 2023. The government announced that the legal retirement age will be pushed to 64 years from 62 in order to be in balance with other European countries. For example, the standard retirement age in Germany is 65 years and 7 months. The main logic behind the reform is an aging population base with increased longevity which is surmounting pressure on pension funds which will dry up in future in absence of…
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