French Government Unveils Controversial Pension Reform Plan in Europe

Summary: The French Parliament is beginning the process to debate Emmanuel Macron’s pension reform proposal, which has the majority opposition of public opinion and the eight main trade unions. Macron wants to see the retirement age rise from 62 to 64 by 2030 and the years of contribution to obtain a full pension rise from 42 to 43 by 2027. The president calls for changes to the bill, however, he also calls for pushing forward the reform.

The French Government Approves Macron’s Controversial Pension Reform

The government of French President Emmanuel Macron approved this Monday its pension reform proposal, which has more than a million people demonstrating against it on Thursday. The reform proposal, despite the majority rejection of public opinion, proposes to raise the retirement age from 62 to 64 by 2030 and to bring forward to 2027 the increase in years of contribution necessary to collect a full pension.

Labor Minister, Olivier Dussopt, defending the measure at a press conference, acknowledged a “disagreement” on these points with the unions. He said: “Our goal is to return to balance from 2030.”

The Left-wing parties and the far-right opposition have already announced that they will vote against it. President Macron suggests readjustments in the bill, but says that delaying the minimum retirement age is not an option.

The plenary session of the National Assembly (lower house) will begin debating the bill from February 6. Macron called for “advancing” the reform proposal since there have already been changes. This is one of the key measures Macron promised during his re-election campaign and it bring France closer to Spain or Denmark in terms of retirement age.

The unions and the majority of the population, according to the polls, oppose this reform and on Sunday CGT leader Philippe Martinez called for a new protests on January 31.

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