French Prime Minister Elisabeth Borne announced Tuesday a long-awaited pension reform that raises the retirement age to 64 by 2030 and increases the minimum pension for all beneficiaries by 100 euros per month over the current benefit.
In this way, the legal retirement age will increase to 64 years, compared to the current 62. The measure will be implemented gradually by adding three more months per year starting in September, he said before an expected, as well as controversial, project announced by the French president, Emmanuel Macron, during the election campaign.
It will also gradually increase the contribution period required to benefit from a full pension to 43 years, although the full retirement age will remain at 67, as reported by ‘Le Parisien’ newspaper.
Borne has also announced the revaluation of pensions to 85 percent of the minimum interprofessional wage, or around 1,200 euros net. The minimum will be indexed to the minimum wage at the time of retirement and no longer to inflation.
The measure has sparked criticism from the French opposition. The president of France Insoumise, Jean-Luc Mélenchon, has assured that the reform proposed by Macron and Borne is «a serious social setback», while the deputy Mathilde Panot, of the same formation, has indicated that the prime minister «is not ashamed of anything».
For her part, the leader of the ultra-right National Rally, Marine Le Pen, has explained on her Twitter profile that «the French can count» on the determination of her party «to block this unjust reform».
The bill, which also includes an «adapted» system for those citizens who started working before the age of 20, will be submitted to the Council of Ministers on January 23 and will reach the National Assembly on February 6, as reported by BFMTV.
Source: (EUROPA PRESS)
