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Pension reform in France. Macron announces its gradual entry into force from the autumn

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“The pension reform will come into force gradually from the fall,” French President Emmanuel Macron announced on Monday in a televised address to the nation. The president admitted that he understood the concerns and opposition of citizens, but due to the increase in the number of retirees, raising the retirement age was necessary.

– With the increase in the number of pensioners, the increase in life expectancy, the answer cannot be a reduction pensions, increasing the contributions of those who work, because that would mean allowing deficits to accumulate and increase our debt for future generations, he said. Macron announced the opening of talks with trade unions on improving the working conditions of workers.

Message from French President Emmanuel MacronEPA/Teresa Suarez Provider: PAP/EPA.

Pension reform in France

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According to the decision of the French government, the retirement age in France will be raised from 62 to 64. President Emmanuel Macron he expressed hope that the new law will enter into force by the end of the year. The government’s pension reform plan is the flagship project of President Emmanuel Macron’s election campaign.

The reform was adopted by the government using Art. 49.3, which allowed the skipping of a vote in the National Assembly, the lower house of the French parliament. This led to a political crisis, including two votes of no confidence in the government, and increased street protests in many cities.

Protest in Paris after the Constitutional Council approved the pension reformPAP/EPA/TERESA SUAREZ

France spends 14.8 percent on pensions GDP, i.e. more than the vast majority of neighbours, and the retirement age (62) is one of the lowest among the European Union countries. The French end their working lives on average at the age of 62.3.

Protests in France halted nuclear power plants

Protests in France in connection with the pension reform have a nationwide dimension and are sweeping through many industries. Less than a week ago, maintenance work at nine nuclear reactors was suspended. Employees did not come to the plants to express their dissatisfaction with the changes in the law.

8.2 gigawatts (GW) of energy from thermal, hydro and nuclear power plants were also not delivered due to the absence of employees. This corresponds to about 16 percent. total electricity production in the country. However, the shortages were partly supplemented by imports from neighboring countries.

Main photo source: EPA/Teresa Suarez Provider: PAP/EPA.

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