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French Pension System Faces Mounting Deficits and Inequities, Cour des Comptes Warns

A new report highlights fiscal challenges and systemic inequities, urging comprehensive reforms inspired by European models.

  • The Cour des Comptes' second report predicts pension deficits will grow from €6.6 billion in 2025 to €30 billion by 2045 without intervention.
  • The report critiques the current inflation-based pension indexation, advocating for salary-based adjustments to improve intergenerational equity.
  • Significant inequities are identified, with delayed retirement disproportionately affecting workers in poor health, women, and lower-income groups.
  • Comparative analysis with European systems suggests dynamic retirement ages and automatic adjustment mechanisms to ensure long-term sustainability.
  • Calls for structural reform intensify as remaining social partners continue negotiations, despite earlier withdrawals by key unions and organizations.
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