The retirement age in France will rise to 64 from 62 by 2030, Prime Minister Elisabeth Borne announced Tuesday, detailing an unpopular reform of the pension system that risks strikes and will test President Emmanuel Macron's ability to deliver change. #retirement #pensions #France 🔔 Subscribe to France 24 now: 🔴 LIVE - Watch FRANCE 24 English 24/7 here: 🌍 Read the latest International News and Top Stories: Like us on Facebook: Follow us on Twitter: Discover the news in pictures on Instagram: ...(read more)
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France's government is set to raise its retirement age to 64 by 2030 as part of a controversial pension reform package. The move is aimed at boosting the country's economy and making its pension system more sustainable. The French government, along with President Emmanuel Macron, has been pushing for pension reforms that aim to save billions of euros by reducing the country's growing pension deficit. The reforms will require people to stay in work longer and are aimed at making the state pension system more financially sustainable. The move to raise the retirement age has been met with widespread opposition across the country, with protests being held in major cities including Paris, Marseille, Lyon and Toulouse. The reforms have sparked mass strikes, with workers from various sectors taking part in protests and strikes, including transport workers, hospital staff, and teachers. Opponents of the changes argue that increasing the retirement age will negatively impact those who work in physically demanding jobs or who have health problems, as well as women who are often forced to leave work earlier due to caring responsibilities. While the French government has sought to address some of these concerns by offering early retirement options for those in physically demanding jobs and those with health issues, many still fear the overall impact of the changes. The government argues that long-term demographic trends make pension reform necessary and that the current system is unsustainable. The pension system is under pressure due to a combination of factors, including an aging population, low birth rates, and an increasingly competitive global economy. Despite the opposition to the reforms, many experts argue that they are necessary if France wants to remain competitive and maintain a strong economy. Some argue that the country's generous pension system is unaffordable and that changes are necessary to ensure its long-term sustainability. In the end, the success of the pension reform package will depend on the government's ability to address concerns and convince the public of the need for change. If the reforms are successful, it could help to ensure the long-term sustainability of the French pension system and boost the country's economy. However, if the government fails to win over public opinion, it could face an ongoing battle with widespread protests and strikes. https://inflationprotection.org/controversial-pension-reform-in-france-retirement-age-to-increase-to-64-by-2030/?feed_id=104679&_unique_id=647e186bcb364 #Inflation #Retirement #GoldIRA #Wealth #Investing #ĆlisabethBorne #EmmanuelMacron #France #Macron #pensionreform #pensions #Retirement #retirementage #strike #strikes #RetirementPension #ĆlisabethBorne #EmmanuelMacron #France #Macron #pensionreform #pensions #Retirement #retirementage #strike #strikes
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