Protests erupt across France after President Emmanuel Macron raises retirement age — here’s why
would raise the minimum age by two years, introduced gradually — the retirement age will increase by three months each year, starting from September until 2030.
To qualify for the pension, workers will need to have made regular social security contributions over a certain number of years. Starting in 2027, France’s pension reform will require 43 years of contribution, instead of the previous 42. Other changes include: guaranteeing the pension won’t dip below 85 per cent of minimum wage for new retirees and indexing the fund to inflation after one year; maintaining the right to early retirement for jobs deemed physically or mentally arduous, though this retirement age will still rise by the same amount as others; and removing certain retirement privileges from some public sector workers.
Notably, reforming France’s pension plan was a major point that Macron campaigned on when he ran for a second term in 2022.France’s pension plans, among the most generous in the world, have remained a touchy subject after an attempt at pension reform in 2019 led to one of theThe protests began almost two weeks before the final decision Thursday after worker’s unions called for mass demonstrations, demanding the withdrawal of the bill.
Macron invoked the special powers just minutes before a vote was scheduled, as his government had no guarantee the bill would win a majority of votes in France’s lower house of parliament.Why does Macron want to change the plan?, the choice was between making “the French work a little longer” and “decreasing pensions, raising taxes or letting our children and grandchildren carry the financial burden.
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