First, nominees are put forward by each member state, and are interviewed by the commission's president
it easy, compared with French pension reformers. The mythical Greek was damned eternally to roll a boulder up a hill and watch it roll back down again. But he never had to persuade Gallic workers to retire later. In 1995 Jacques Chirac’s government shelved his attempt to reform the system after weeks of protests and strikes brought Paris to a standstill. He tweaked it in 2003 but faced protests of 1m workers and more. Nicolas Sarkozy made a bit more progress in 2010, but still not nearly enough.
Given the scale of the problem, this is disappointing. The French retire earlier than workers in any othercountry . Thanks to high life expectancy, they enjoy an average of a quarter of a century in their armchairs. Moreover, the French pension system is hugely generous. Retirees receive on average 61% of previous earnings, pre-tax—less than in Italy but far more than in Germany .
Mr Macron’s team argues that it is embarking on a redesign that will be as tough to pull off as it would have been to raise the retirement age. It will also be more complicated. France has no fewer than 42 different mandatory public pension systems, which have grown up over the decades to serve farmers, civil servants, actors, railway workers, mine engineers, notaries and so forth, including a default public scheme in which everyone not otherwise covered must enroll.
If anything, such doubts will harden when details emerge. So far nothing is fixed. Mr Delevoye has said, for instance, that he wants to identify a “pivot age” of 64 years, around which incentives to work later and penalties for early retirement would be based. This could, it is hoped, help nudge people into working longer. Mr Macron, however, says that he “would prefer us to find agreement on the length of contributions rather than on age”.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
21 Manicures From New York Fashion Week That Will Reignite Your Love for French TipsIn 2019, the classic tips are far from boring or mom-ish:
Read more »
Billionaires hurt economic growth and should be taxed out of existence, says bestselling French economistIn an interview with the French magazine L'Obs, Piketty called for a graduated wealth tax of 5% on those worth 2 million euros or more, up to 90% on those worth more than 2 billion euros.
Read more »
Ally of President Macron Targeted in French Corruption ProbeFrench prosecutors have opened a probe into the past business activity of the speaker of the National Assembly, muddying efforts by President Emmanuel Macron to clean up politics in the wake of the yellow-vest crisis.
Read more »
Post Malone Heads to the French Riviera for Scenic 'Saint-Tropez' Video: WatchWith his 'Hollywood's Bleeding' set for a monstrous No. 1 debut atop the Billboard 200, Post Malone delivered a scenic visual off the project on Wednesday (Sept. 11) with solo cut 'Saint-Tropez.'
Read more »
Message to Millennials: Stop Buying French CastlesMoney do's and don'ts from jasongay: Do stockpile Juul and skip college. Don't fly on a private jet for a trip less than eight hours
Read more »