Pension reform: what economists think

by time news

Posted Jan 13, 2023, 6:15 AMUpdated on Jan 13, 2023 at 10:24 a.m.

Now that the government has played its cards on the pension reform, all economists are exegesing the text. This provides for a decline in the legal retirement age to 64 by three additional months per year, and must ensure the balance of the pay-as-you-go system by 2030.

On a subject as sensitive as retreats, there are, unsurprisingly, several mansions in the house of the Father. There are those who see the government text favorably, such as Gilbert Cette, professor of economics at Neoma Business School. “This reform could have been more ambitious: France will remain one of the countries where departures are the earliest. But I have no problem supporting her. Everyone wins because we ensure the sustainability of the plan. It is also quite balanced, because it focuses on the treatment of small pensions, contains measures for long careers and hardship and also corrects an anomaly on the accumulation of employment and retirement by associating rights on the employment part, he comments.

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