France’s government defied trade unions on Friday by including a contested clause on raising the retirement age by two years in its draft legislation, amid signs that weeks of street protests and strikes may be losing momentum.
President Emmanuel Macron’s proposed reform to streamline France’s byzantine pension schemes is the biggest overhaul of the system since World War Two and is central to his ambition to make the labor force more flexible and competitive globally.
But it has infuriated trade unions who argue the reform will erode hard-earned benefits and leave pensioners worse off.
The bill, which will be sent to France’s pension administrators on Friday for their consideration, says the retirement age for a full pension will be progressively raised to reach 64 “for the 1965 generation who will retire from 2027”.
Under the proposal, the legal retirement age will remain 62 but workers who leave at that point will not receive their maximum pension.
“We could not have a text that is silent on the age (for a balanced pension budget),” Laurent Pietraszewski, secretary of state for pensions, told Reuters. “It is at the heart of the reform.”
DEADLOCK
If Macron emerges the winner from the weeks-long showdown, he will have gone further than any other French postwar leader in shaking up the pension system. However, negotiations continue on Friday between the unions and Prime Minister Edouard Philippe. It is still possible the plans will be watered down as the government seeks to break the deadlock. Hard-left unions are calling for the government to abandon the bill. The reform-minded CFDT union, France’s largest, is open to the planned universal “points” system, but says an increase of the retirement age “crosses a red line”. Unions brought hundreds of thousands of demonstrators onto the streets in cities across France on Thursday but turnout was down on past protests and their momentum is faltering. Participation in strikes now in their 37th day has waned and public support fallen, according to opinion polls. Philippe has agreed to seek a way of balancing the pension budget other than by raising the retirement age while the bill is being scrutinized in parliament. His government has promised to include any alternative solutions as amendments. But that has so far been rejected by the unions. “A compromise will only be found once the sword of Damocles that is the retirement age is no longer hanging over us,” Laurent Escure, leader of the UNSA union said after his meeting with Philippe. Parliament is due to debate the bill from mid-February.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
One student per tablet policy: More tablets for Ashanti Region Schools
25 seconds -
BOSAG officially unveiled; positioning Ghana as Africa’s premier BPO destination
11 mins -
Gold Fields may sell smaller mines in Ghana after Osisko acquisition
26 mins -
Nigeria plans $28bn spending for 2025 budget, minister says
54 mins -
Africa grapples with forecasting challenge as weather disasters loom
1 hour -
Europe’s flying taxi dreams falter as cash runs short
1 hour -
Al Fayed’s brother Salah also abused us, women say
2 hours -
I blame the Church for my brother’s death, says Zimbabwean sister of UK child abuser’s victim
2 hours -
South Africa cuts supplies to thousands of illegal miners hiding underground
2 hours -
Nigeria head five Afcon 2025 qualifiers as Ghana given hope
2 hours -
Trump’s pledge to axe the Department of Education explained
3 hours -
‘Major supplier’ of people-smuggling boats arrested
3 hours -
Meta fined €798m over ‘unfair’ Facebook Marketplace
3 hours -
UN climate talks ‘no longer fit for purpose’ say key experts
3 hours -
Conor McGregor admits ‘taking cocaine’ on night of alleged rape
3 hours