France raises the retirement age to 64

French Prime Minister Borne announced the content of the pension reform, which is among the electoral promises of French President Emmanuel Macron.

Explaining that in the country where the current retirement age is 62, the legal retirement age will be progressively increased by 3 months each year and will reach 64 in 2030, starting on September 1, and noting that in 2027 It will be necessary to have paid premiums for 43 years to be able to receive the full pension, he pointed out that they will maintain the age of 67, which is the automatic right to retirement.

After stressing that depreciation in some professions must be taken into account, Borne said that a fund of 1,000 million euros will be created to prevent professional burnout.

THE MINIMUM SALARY OF THE RETIRED WILL BE APPROXIMATELY 1200 EUROS

Borne stated that the minimum pension will be increased to 85 percent of the minimum wage. Thus, the minimum pension will be around 1,200 euros per month.

Noting that most different types of retirement will be done away with, Borne noted that this will be valid for new hires.

On the other hand, within the scope of said reform, those who start working at an early age will be able to retire earlier and workers will not have to work for more than 44 years.

The Minister of the Economy, Bruno Le Maire, stated that the pension reform will contribute 17.7 billion euros in 2030.

OPPOSITION RESPONDING TO THE PENSION REFORM

In a statement on Twitter, Mathilde Panot, a member of parliament for the Unyielding France party, described the government’s retirement bill as “archaic, unfair and ruthless” and said: “Result: Miss Borne is not ashamed of anything.” she made her statement.

Jean-Luc Melenchon, from the Unbreakable France party, who was a presidential candidate in last year’s elections, described the pension reform announced by the government as a “serious social regression” on his Twitter account.

Marine Le Pen, Member of Parliament for the National Union (RN), said on Twitter: “The French can count on all our determination to thwart this unjust reform.” She wrote.

Different unions in the country issued a joint statement calling for a strike and taking to the streets on January 19 against the pension reform. (AA)