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Monday, March 27, 2023

Despite protests: France’s Senate votes for a higher retirement age

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French people should work longer. That’s what the government wants and is trying to get a law through. However, this was met with loud protest.

Despite all the protests against the pension reform, the French Senate has approved a gradual increase in the retirement age from 62 to 64. 201 senators voted for a corresponding article, 115 rejected it. However, the project of the center government under President Emmanuel Macron is not yet sealed. The National Assembly, as the second chamber of parliament, still has to agree. The government recently had difficulties finding supporters for the reform.

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France’s government wants to gradually raise the retirement age from 62 to 64. In addition, the number of payment years required for a full pension should increase more quickly. The unions consider the project unfair and brutal. There have been massive strikes and protests against the reform in recent weeks.

Currently, the retirement age is 62 years. In fact, retirement begins later on average: those who have not paid in long enough to be entitled to a full pension work longer. At the age of 67 there is then a pension without deductions, regardless of how long it has been paid in – the government wants to keep this. She wants to increase the monthly minimum pension to around 1,200 euros.

The Senate is scheduled to discuss the reform by the end of the week. A commission of senators and members of parliament will then try to work out a compromise between the two chambers of parliament. Due to time constraints, the National Assembly did not vote on the central article on the higher retirement age. Should the project fail in parliament, the government would still have the option of ordering implementation of the reform.

Source: Stern

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