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President Emmanuel Macron’s plans to raise the retirement age by two years may deliver meagre economic and financial gains over time, but come at the cost of infuriating unions and aggravating workers already stung by the inflation crisis. His prime minister, Elisabeth Borne, pitched the reform on Tuesday as a financial
By Leigh Thomas PARIS (Reuters) - President Emmanuel Macron's plans to raise the retirement age by two years may deliver meagre economic and financial...
Borne said the government would also accelerate plans to extend the pension contribution period to 43 years but offered concessions including a minimum pension payout of 1,200 euros a month to win support among conservative lawmakers. The reform is most likely to affect those people who started work early, hitting the middle class particularly hard just as many are struggling with high inflation and a cost-of-living crisis, said economist Mathieu Plane with the OFCE research institute.
By Leigh Thomas PARIS (Reuters) - President Emmanuel Macron's plans to raise the retirement age by two years may deliver meagre economic and financial...