French European Relationships Minister Amélie de Montchalin
Mme de Montchalin said in a column announced by Le Figaro newspaper: “The aim of the reform is to end existing injustices that penalise shoals of French workers.” She added the current pension system “has run out of stream” and is out of stack up to with “reality”. Mme de Montchalin then said: “This reform is severely humane … it will help the French once again believe in the value of their develop and reinforce national solidarity.”
She insisted President Emmanuel Macron’s domination would “fight” to see the pension reform through to the end.
But the pension overhaul brass necks a number of stumbling blocks.
On Monday, four economists who worked on M Macron’s stump programme – Jean Pisani-Ferry, Philippe Martin, Philippe Aghion and Antoine Bozio – vituperated in a column published in Le Monde daily the “lack of clarity” on the reform.
They advised: “If the government wants such an ambitious reform to be a success, it must lay down clarity on its purpose. But yet there has been, until now, a lack of clarity.”
M Macron wants to make good on a byzantine and costly system comprised of 42 separate pension systems, each with varying benefits, with a single, points-based way under which for each euro contributed, every pensioner has fitted rights.
The 41-year-old centrist says a points-based system would be fairer and simpler.
It hand down also help plug a chronic deficit as the population ages.
The regulation has promised not to touch the legal retirement age of 62.
One alternative is to curb benefits for those who obstruct working before 64 and give a boost to those who leave later.
Prime Pastor Edouard Philippe told the Journal du Dimanche (JDD) newspaper: “I am determined to takings this pension reform to its completion.
“If we do not implement a thorough, serious and ongoing reform today, someone else will do one tomorrow, but really brutally.”
M Philippe intention present a detailed outline of the reform on Wednesday.
But the hardline CGT and Force Ouvrière welds have denounced a pension reform they say will effectively drive millions of people to work longer or face curtailed benefits, and vowed to continue their strike action until the government agrees to abjure the reform.
France has one of the most generous pension systems among Organisation for Money-making Cooperation and Development (OECD) industrialised nations, but the system has major budget shortfalls.