Expect a parliamentary vote on pension reform in France

However, approval in the National Assembly is uncertain.

The debate over France’s controversial pension reform is coming to an end. Both houses of Parliament are expected to vote on the government’s plans to raise the retirement age from 62 to 64 on Thursday. The decision to repair can then be made. A committee made up of senators and the National Assembly reached a compromise between the two chambers on Wednesday.

Reform is one of the most important projects of President Emmanuel Macron. Approval in the Senate is considered certain. In the National Assembly, the majority in favor of the project was not confirmed until the end. The government does not have an absolute majority in the House of Representatives. It depends on the votes of the conservative Républicains, whose faction is divided.

The gap in the pension fund

The retirement age in France is currently 62 years. In fact, retirement starts later on average: those who haven’t paid wages long enough to get a full pension work longer. At age 67, there will be a no-deduction pension, no matter how long it has been paid – the government wants to maintain this, even if the number of years of contributions required for a full pension increases faster than previously planned. You want to increase your minimum monthly pension to around 1,200 euros. With the reform, the government wants to close the impending gap in the pension fund.

(APA)