France will take its time reforming cherished pension system: PM

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France will take its time reforming cherished pension system: PM
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French Prime Minister Edouard Philippe on Thursday said his government would not...

PARIS - French Prime Minister Edouard Philippe on Thursday said his government would not rush reform of France’s long cherished pension system, perhaps the most perilous yet of the social and economic changes sought by President Emmanuel Macron.

Philippe said he wanted a vote in parliament before next summer on the reform, which envisages converging France’s more than 40 different pension systems into a single model. France’s biggest union, the reform-minded CFDT, is cautiously open to reforming the pension system to make it fairer, but more hardline unions like the CGT are opposed outright and have promised a fight.

Philippe assured unions his government would listen and negotiate, but cautioned: “our determination is total.”

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