French retirement reform plans: Get rid of specialized pension schemes • FRANCE 24 English

Trains will grind to a halt in France on Thursday, classrooms will be shut and businesses disrupted as workers walk off their jobs in an attempt to derail a planned pension reform that would see the retirement age pushed up by two years to 64. Pushing back the retirement age by two years and extending the pay-in period would yield an additional 17.7 billion euros ($19.1 billion) in annual pension contributions, allowing the system to break even by 2027, according to Labour Ministry estimates. Unions argue there are other ways to ensure the viability of the pension system. FRANCE 24's Business Editor Charles Pellegrin explains.
#France #pension #retirement

[stephanieplatt]

The protest will do nothing because those imposing the human rights abuses are not effected . stokers need to surround your parliament and not let food in or out let your parloment starve. Stop supplying you law makers with food medical care and supplies

[evilhenny]

In summary, the actuaries know mouths are more expensive and live longer today. The best description in economics are models formulated by endowment and util. Labor management has long held job categories are exogenous and the "happiness" score is endogenous.

The state of France's pension policy is modeled on maximizing utils. The actuarial science states gross util went up with life lived. How have those job categories changed when compared to their peers?

Removing or further entrench the specialized pensions making for better absolute and comparative advantages is a good state debate. If actuaries are stating gross utils have individually risen, politicians should think about the endowment of the next generation of voters. What impact do these job categories have on the expected 3, 5, 10 year aggregate market? What do the advantages look like 3, 5, 10 years after state policies produces either a single "free-market" labor curve and/or continued separate industry curves?

[mattheweburns]

You must be 64 1/2 years old here in the United States, I have a feeling, if I ever reach that age at that point it would be raised to 75 or higher. Pension/retirement seems so far out of reach these days at least to my generation of 30 somethings

[simka]

Lies and Malice will make Some choke...

[dlewis]

I can’t imagine any international company investing in France beyond the minimum to take advantage of spending by French consumers. Amazon for example won’t be putting many jobs there when there are so many crazy rules.