French people will have to work longer by Zivka Deleva

The state of France is serious in the intentions to improve its financing system. The government decided to attract the investor’s attention creating a long-term reform in the retiring system. That is to say that starting from 2018 Frenchmen will have to work longer - two years more than they do it now. So, eight years later, you must have 62 to retire! Sarkozy’s administration is not surprised that the trade union is going to show big resistance, but they are ready to go through the end, ready to achieve bigger goal. The reform will enter the parliament this autumn, for when the workers announce demonstrations. Around 100.000 people have already protested in Ma! y throughout the whole country. Another new reform is the one in which the richer people are going to pay higher taxes, so they will remove the pensions’ system out of the red zone in which it is now. Maybe French people are upset, but they forget to look around themselves and see that these kinds of social changes are normal for other nations in the euro zone. They are not aware that even with this reform they will stay one of the developed nations that retire pretty early. For this to be clear and comprehensible, for instance, Germany projects are to boost the retiring age to 67, which concerning me, it’s out of the sanity. And if you live in Great Britain or Italy, you must have 65 so you’ll have the right to stop working. “Working longer is inevitable. All our European partners have done this by working longer. We cannot avoid joining this movement” – said Labour Minister Eric Woerth. The pension reform will mean that for one work! er to fulfill the right for a full pension at 62, must work at! least 4 1.5 years, that is one year more than if you retire today.

by Zivka Deleva for Cantell TV (http://cantell.tv)

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