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Reactions to a modest plan to increase the retirement age show how hard reform is in France
THE French government’s long-awaited pension reform, which was announced on June 16th, turns out to be at once symbolically bold and yet ultimately disappointing. Under a plan unveiled by Eric Woerth, the labour minister, France intends to raise the legal retirement age progressively from 60 to 62 by 2018. Since this alone will not meet the state pension-fund shortfall, the government will increase the top rate of income tax from 40% to 41% from next year, and tax capital gains, stock options and other financial income more heavily. It will also align civil servants’ pension contributions with those in the private sector by 2020. In all, the government thinks it can balance the pension fund, which currently has a €32 billion deficit, by 2018.
I could go along with 62 by 2018. Hell they have raised it here to damn near 70. My folks got full Social Security at 65. I have to wait until I am 67 and 7 months.
Moving the retirement age up by 2 over a period of 8 years causes that much of an outrage? I could not imagine what would happen in France if Greek style budget cuts were made, well except for the whole rioting thing of course..
Moving the retirement age up by 2 over a period of 8 years causes that much of an outrage? I could not imagine what would happen in France if Greek style budget cuts were made, well except for the whole rioting thing of course..
Exactly, I'm french so I can confirm that.This country has many economic problems since 1967, and to reform it correctly is so hard.Politicians here are cowards.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
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Quote:
Originally Posted by Frankie117
Moving the retirement age up by 2 over a period of 8 years causes that much of an outrage? I could not imagine what would happen in France if Greek style budget cuts were made, well except for the whole rioting thing of course..
I think it is more of give an inch, take a mile. But I admire the French for getting out and raising hell. Unlike the American shepple who just accept our fate at the hands of others who are richer and more powerful, at least they resist.
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