Macron postpones French pension overhaul to January

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He cited recent leadership changes at two opposition parties for his decision. Read more at straitstimes.com.

Both the Greens and the right-wing Republicans have elected new chiefs.

“This will give a few more weeks for those... who have taken over to discuss some of the key elements of the reform with the government,” Mr Macron said during the latest gathering of his so-called “national refoundation council”.Mr Macron says it needs to be extended to 64 or 65 in order to finance the pay-as-you-go system as more people live longer and enter the workforce later.

Mr Macron has also promised to streamline the country’s 42 separate pension regimes, which offer early retirement and other benefits mainly to public-sector workers.which has been one of Mr Macron’s long-standing targets in power.

 

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