France rises retirement age from 60 to 62. by Milota Sidorova

Here it comes. Country after country of EU is rising retirement age. The major reason is deepening economic deficit that appeared to be increasing after the crisis. This time, it is going to be France. France government released proposed reform to rise retirement age from 60 to 62 years. The cause should be economic, but defenders of more working years suggest people tend to live longer, so they are supposed to work longer. However, longer life doesn't mean good health for working and enough free jobs seeking for elder people. French opposition finds the proposal unfair and suggest it will hurt many people, especially women and vulnerable. Women after their fourties tend to! be the least employable group and still the amount of work is not growing. The reform may turn into growing number of unemployed people. The proposal should be passed in September, but the government is expecting several more public protests. The general neccessary period for retirement is now 40.5 years, but it is likely to be 41 years nad three month by 2012. Under current obligation, anyone can retire a full pension at 65, but if the proposal passes the Parliament, such person can retire at 67 years, but this order is supposed to apply bu 2018.French Labour Minister Eric Woerth said it was “inevitable to work more, since there was no magic solution”. 24 more working months should stabilize books by 2018. The proposal will end up on the table of President Nicolas Sarkozy next month, before sending it for final proposal back to Parliament.

related story (sgx17615): http://www.f! rance24. com/en/20100616-france-raise-retirement-...

by Milota Sidorova for Cantell TV (http://cantell.tv)

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