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Saturday, April 1, 2023

the pension law advances in the Senate

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Paris – The French Senate, dominated by the right, approved on Wednesday night after an intense battle with the left the key article of a pension reform bill that raises the retirement age from 62 to 64 years.

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The vote ended with 201 votes in favor and 115 against.

Under the government’s plan, the legal retirement age will be raised progressively from 62 to 64 years at a rate of three months per year from September 1, 2023 until 2030.

In addition, to obtain a full pension, without discount, the required contribution period will increase from 42 to 43 years by 2027, at a rate of one quarter per year.

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France has experienced large protest mobilizations against the pension reform promoted by the liberal president Emmanuel Macron.

To enter into force, the initiative must still be agreed by the two chambers of Parliament, for which they have a deadline of March 26. In case of not reaching it, the government can apply its plan through an ordinance, something that has never happened.

In this context, supplies from TotalEnergies refineries were suspended yesterday in France, electricity production was reduced and rail services were interrupted.
while these sectors continue on strike after a day
of demonstrations that summoned a record number of people.

Transport will continue to be disrupted today and tomorrow, according to Transport Minister Clement Beaune, with 20% fewer flights at the main Parisian airport, Roissy Charles-de-Gaulle, and a 30% drop at Orly.

Source: Ambito

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