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.