New protests against pension reform in France

From 62 to 64

New protests against pension reform in France

In Paris, many people took to the streets again on Saturday against the planned pension reform. A dozen youth organizations and France’s left-wing LFI had called for protests against raising the retirement age.

Because the pension system will not be financed in the long term due to the aging population, the French government wants to gradually raise the retirement age from 62 to 64 years. In addition, the number of payment years required for a full pension should increase more quickly. A number of individual systems with privileges for certain professional groups are to be abolished. The monthly minimum pension is to rise to around 1200 euros.

Currently, the retirement age is 62 years. In fact, however, retirement begins later on average: those who have not paid in long enough to be entitled to a full pension also work longer.