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3mo ago

French Unions Demand Action Following Cour des Comptes Report on Pension Reform

The report dismisses claims of a hidden deficit and highlights the financial challenges of the current pension system, setting the stage for three months of negotiations.

Sophie Binet avait déjà assuré en janvier que supprimer cette réforme ne serait en réalité «pas très compliqué car ça ne coûterait pas très cher».
Photomontage Le Figaro.
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Overview

  • The Cour des Comptes report confirms no 'hidden deficit' in the pension system, contradicting earlier claims by the Prime Minister.
  • The report highlights a projected pension deficit of €15 billion by 2035 and €30 billion by 2045, despite the 2023 reform raising the retirement age to 64.
  • Unions, including the CGT and CFDT, remain divided, with the CGT calling for the 2023 reform's repeal and the CFDT focusing on senior employment and concrete measures.
  • The report outlines potential financial impacts of various policy changes, such as adjusting retirement age or contribution periods, but avoids making specific recommendations.
  • Negotiations between unions and employers are set to begin on February 27, aiming to address the system's financial sustainability and contentious reforms.