France to push back retirement age from 62 to 64 in controversial pension reform

France has unveiled plans to progressively enhance the retirement age from 62 to 64. 

Prime Minister Elisabeth Borne introduced the pension reform on Tuesday, a key marketing campaign promise of President Macron. Forty-three years of contributions are nonetheless obligatory for a full pension. However the authorities desires to speed up the tempo by pushing again retirement by one quarter per 12 months.

Consequence: it will likely be essential to have contributed 43 years from 2027 as an alternative of 2035.

Borne defined that the reform is important to make sure the survival of the system and might be carried out progressively till it's accomplished in 2030.

The commerce unions are livid. They name the challenge "social regression" and an "unfair reform", particularly for many who began working early and probably the most weak.

They reject the challenge outright and have been ready for months for this announcement.

They've introduced a day of strikes and demonstrations on the nineteenth of January. The unions guarantee that the mobilization would be the starting of a collection of measures to make the federal government give in.

Nonetheless, President Macron has the backing of employers and the sympathy of conservative forces.

And the whole lot factors to an "explosive" social winter in France.

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