The French retirement system has been based on a pay-as-you-go system, with each generation of workers supporting the previous one. The pension system has been facing challenges for years, due to an aging population and an increase in life expectancy. The French government has been considering different options to reform the system, including raising the retirement age.
In the past, raising the retirement age has been a contentious issue in France. In 2010, the French government under President Sarkozy raised the retirement age from 60 to 62, with the aim of reducing the budget deficit and ensuring the long-term sustainability of the pension system. In 2018, President Macron's Government proposed increasing the age to 64, but the proposal met with strong resistance and protests.
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The French retirement system has been based on a pay-as-you-go system, with each generation of workers supporting the previous one. The pension system has been facing challenges for years, due to an aging population and an increase in life expectancy. The French government has been considering different options to reform the system, including raising the retirement age.
In the past, raising the retirement age has been a contentious issue in France. In 2010, the French government under President Sarkozy raised the retirement age from 60 to 62, with the aim of reducing the budget deficit and ensuring the long-term sustainability of the pension system. In 2018, President Macron's Government proposed increasing the age to 64, but the proposal met with strong resistance and protests.