France's government outlines plans to raise retirement age despite years of pushback

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France's legal retirement age is currently 62 — lower than many developed markets, including much of Europe and the U.S.

This year will be one of pension reform.There was some talk of revisiting the plans in early 2022, but it was judged to be too close to the presidential election, which took place in April last year.

He added that he wants to conclude negotiations in time for new rules to be applicable from the end of summer 2023. Speaking at a press conference Tuesday, Prime Minister Elisabeth Borne said that the government was planning to raise the retirement age to 64 from 62 by 2030.

 

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Bon Chance … will that solve the problem ?

Good luck with that one. The French are right lovers of doing nothing.

Low birth rates will do that to you. We’re going to be hardest hit if trends continue.

In some European nations, raising minimum age does not solve the problem. They don't have growth, which means that the older people will be an obstacle to younger folks to getting those job. Also, senior folks will be costing more for businesses for the same productivity or less.

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