Posts Tagged ‘System’

The French government yesterday announced a reform of the pension system by raising the retirement age to 62 years. AFP launched, increasing the retirement age is the middle way to reduce the budget deficit and avoid a clash with unions.

“Rescue our pension system is a very important action,” said Secretary of Labor during the conference Wrth Eric Frenchman pressed to explain the reform of the pension system reported by AFP on Thursday (17/06/2010).

He announced to increase the retirement age from 60 years to 62 years in 2018. Reform of the pension system is the agenda of French President Nicolas Sarkozy to win the 2012 election. French unions reject these reforms and threatening to strike and demonstrations until the reform was canceled. Working longer is inevitable. “There is no better solution,” added Wœrth. Read the rest of this entry »