Home Personal Finance France Passes Wildly Unpopular Pension Age Increase To 64—Still Well Below Other Countries

France Passes Wildly Unpopular Pension Age Increase To 64—Still Well Below Other Countries

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French President Emmanuel Macron signed a controversial pension reform law on Saturday, effectively raising the country’s retirement age by two years. This is clearly lower than in other Western countries, despite being very unpopular with voters.

important facts

The reform bill, approved by the French Constitutional Council on Friday, will gradually raise France’s legal retirement age from 62 to 64 by 2030 after it comes into force on September 1.

French workers, all of whom receive a government pension, have to work for 43 years to receive a full pension of €1,400 a month after tax on average.

Macron, who proposed raising the retirement age during his 2022 re-election campaign, argued that the pension system was nearing bankruptcy and needed reforms to cut pension costs.

The French Pension Advisory Committee, which oversees the pension system, projected The next 10 years will be in the red, rejected threat of bankruptcy.

Trade unions launched violent protests in January, claiming The pension system was not in jeopardy and “nothing justifies such brutal reform”.

chief critic

François Ruffin of the parliament’s far-left party, La France Ansoumise, said: criticized Macron and the French government approved the law “like a thief in the night”.

amazing facts

A poll conducted before last year’s French presidential election found that 70% of voters were against raising the retirement age, with 50% of those saying they were “strongly opposed”. according to to Reuters.a individual vote A survey conducted by Elabe found that 63% of respondents support increasing taxes on wealthy households as an effort to fund the pension system.

main background

President Macron’s pension reform plan faces resistance from across the French government, including members of both the far-right National Assembly party and the La France Ansmith party. asked for Article 49.3This allowed the government to pass bills without the approval of the National Assembly, the lower house of the French parliament. Macron’s government subsequently survived a no-confidence vote by the National Assembly, which called for the resignation of Prime Minister Elisabeth Born and her cabinet. The vote’s author, Charles de Courson, said removing the government was “the only way to stop the social and political crisis in the country”. demanded pension reform, resulting in the country’s longest protest. delay because of the pandemic. Thirty years ago, millions of people protested Jacques Chirac’s proposal, and Chirac eventually abandoned his efforts.


Even with the increased retirement age, France’s requirements remain relatively low compared to other Western democracies. The minimum age to receive full retirement benefits in the United States is 66 for those born between 1943 and 1954 (gradually higher for those born between 1955 and 1960), 1960 People born after that are 67 years old. The retirement age in Italy is also 67 for him. The retirement age is 66 for him whereas in Canada and Spain he is 65.


Here’s what you need to know about France’s controversial pension reforms as Macron survives a no-confidence vote (forbes)

Stagnant France: Schools, trains closed as workers protest Macron pension reform (forbes)

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