World

French government refuses to back down on pension reform

Plan would raise retirement age to 64

Updated 3 years ago · Published on 23 Jan 2023 11:00PM

French government refuses to back down on pension reform
Emmanuel Macron himself again insisted yesterday that pensions reform had been part of his programme at last year’s elections, where he won a second presidential term but lost his parliamentary majority in the legislative vote weeks later. – AFP pic, January 23, 2023

PARIS – France’s government today moved forward with a fiercely contested pensions reform plan that would raise the retirement age to 64, saying balancing the system’s books must be top priority.

“Going back on this point (of the age increase) would be giving up on getting the system back in balance," Labour Minister Olivier Dussopt said after the legislation was presented at a cabinet meeting, the last step before it enters parliamentary debate.

Apart from increasing the retirement age gradually from 62 now to 64 by 2030, the bill would increase the minimum number of years people must pay into the system to get a full pension to 43 from 42 at present.

Dussopt said the government “disagrees with trade unions”, who were at the forefront of a massive day of strikes and protests Thursday, in which over 1.1 million people took to the streets against pension reform.

Unions are now gearing up for another strike day on January 31, warning they are prepared to further step up their actions if the government does not relent.

Ministers argue that the pension system will slip billions into deficit in the coming years and that savings must be found to avoid costly top-ups from general taxation.

They had hoped to mollify opponents by using some of the savings from the reform to pay for measures like a minimum pension of €1,200 (RM5,583.68) per month, as well as by offering exemptions to the minimum age for those who started work in their teens.

‘Take the text apart’

Ministers must now shepherd the reform through parliament, where they face determined opposition especially from the left.

Dussopt said the government would accept amendments that “improve the text without giving up on getting back to balancing the books by 2030, nor the fundamentals of the reform”.

Francois Ruffin, a leading MP in the hard-left France Unbowed party, said yesterday that his colleagues would not try to bury the debate under an avalanche of 75,000 amendments as they had trailed.

Instead, the group would offer “firm opposition that will allow us to take the text and the government’s lies apart piece by piece,” Ruffin told broadcaster France 3.

He insisted that President Emmanuel Macron “isn’t doing this reform for economic reasons, for him, it’s about stamping his authority” on the country.

Macron himself again insisted yesterday that pensions reform had been part of his programme at last year’s elections, where he won a second presidential term but lost his parliamentary majority in the legislative vote weeks later.

Now lawmakers in the embattled government ranks are weighing amendments of their own.

“Our MPs will have the right to improve this reform,” the leader of the president’s Renaissance party Stephane Sejourne told Franceinfo radio today.

Support for the pension changes appears fragile on the left wing of Macron’s parliamentary group and in smaller allied parties, with former minister Barbara Pompili saying last week she “couldn’t vote for the reform at this stage”. – AFP, January 23, 2023

Related News

Business / 3mth

Airbus A220 deal will cost US$19 billion - Fernandes

Sports & Fitness / 3mth

China ends French team's dream run to retain the Thomas Cup

Sports & Fitness / 3mth

Thomas Cup: France inch closer to historic triumph, faces reigning champions China in final

Sports & Fitness / 3mth

Thomas Cup: France on fire, outclass Japan to reach maiden semis

Malaysia / 1y

Government to stay order for RM1.7 billion in pension payment

Business / 1y

Time for Malaysia to move away from its traditional markets, says MITI

Spotlight

Trump’s North Korea gamble deepens Asia’s doubts over US alliances

Malaysia

Rayer denies involvement in 'Maha Kali Red Rally', claims name and photo misused

Malaysia

E-Hailing driver charged with attempted murder after allegedly setting worker on fire

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Malaysia

‘No parent wants her child to be remembered this way,’ says mother of 14-year-old Keziah

Malaysia

RM1.96m Penang land probe: Two ‘Datuks’ remain in custody

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Malaysia

PH leaders hold talks as Melaka election plans take shape

Malaysia

Bersama rejects political alliances, vows to go solo in Melaka state election

You may be interested

World

Israeli airstrikes kill two in Gaza as ceasefire holds under strain

World

Indonesia arrests 72 over forest fires as haze spreads to Malaysia

World

5.9-magnitude earthquake strikes eastern Japan, shakes Tokyo; several injured

World

Foreign tourist injured in bear attack in Japan

World

US threatens tougher Iran sanctions, raising pressure on China

World

AirAsia flight undergoes cleaning after passenger ‘incident’ before Shanghai landing

World

Series of explosions, fires hit three southern Thai provinces

World

Teen killed in sword attack at Swedish school was a 17-year-old girl