May 20, 2022
Despite the fact that the much-anticipated pension reform will be delayed until Covid is “under control,” French President Emmanuel Macron has promised a range of economic measures aimed beyond the pandemic.
There had been a lot of talk about controversial proposals to alter France’s retirement system, which had been put on hold at the onset of the pandemic.
Macron indicated that he intended to raise the retirement age — most individuals can now retire at the age of 62, but a number of ministers have pushed for the legal minimum to be raised to 64.
On October 1st, changes to jobless benefits will be “completely implemented.” The reform was meant to take effect on July 1st, but the French Council of State decided in June to put key aspects of the benefits calculation on hold.
Macron also emphasized the importance of economic sovereignty throughout his speech, stating that an investment plan would be published in the autumn after consultations this summer. “Building the France of 2030” is the goal, as is “reindustrializing and reconciling growth with ecological production.”
Source: The Local France
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