these new expenses which risk cutting into the expected savings

by time news
Exceptions to the rule and new expenditure inevitably come to burden the savings expected from the reform. BERTRAND GUAY/AFP

DECRYPTION – To get its unpopular reform accepted, the government is filling it with exceptions to the rule and potentially very costly social support measures.

For French people born from July 1961, the legal retirement age will be raised gradually, to reach 63 years and 3 months in 2027, then 64 years in 2030. This measure is coupled with an acceleration of the Touraine reform : to receive a full pension, it will be necessary to have worked 43 years (172 quarters) from 2027 instead of 2035. While Emmanuel Macron had clearly spoken out in favor of raising the retirement age to 65 during the campaign, he finally chose a reform that was less readable and above all less powerful economically. But no doubt more acceptable to public opinion.

Especially since to have an unpopular age measure accepted, the government is multiplying the exceptions to the rule and the social support measures which risk, by adding up, to prove to be very costly. For those who started working early, the Prime Minister announced an extension of the “long career” system: those who started before the age of 16 will be able to…

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