What's at stake in President Emmanuel Macron's reform of France's cherished pensions?

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

PARIS (REUTERS) - French public sector workers began a nationwide strike on Thursday (Dec 5) over Mr Emmanuel Macron's plans to reform France's generous pension system, in the biggest challenge to the President since 'yellow vest' protests erupted last year.. Read more at straitstimes.com.

PARIS - French public sector workers began a nationwide strike on Thursday over Mr Emmanuel Macron's plans to reform France's generous pension system, in the biggest challenge to the President since"yellow vest" protests erupted last year.

Currently pension benefits are based on a worker's 25 highest earning years in the private sector and the last six months in the public sector. WHAT ABOUT THE RETIREMENT AGE? Polls show the French are deeply attached to keeping the official retirement age at 62, which is among the lowest in Organisation for Economic Co-operation and Developmen countries. Public workers who do arduous or dangerous jobs, such as mariners, can leave years earlier.

However, the President has indicated he would prefer to focus on the duration of a worker's career rather than the age at which they stop working. They are eager to show they are still relevant after Mr Macron pushed through an easing of the labour code and reform of the state-run SNCF rail operator despite their opposition earlier in his presidency.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

France's Macron faces fresh challenge as massive strike loomsTrains cancelled, schools closed: France scrambled to make contingency plans on Tuesday for a huge strike against pension overhauls that poses one ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

World's largest pension fund halts stock lending to short sellersJapan's Government Pension Investment Fund (GPIF), the world's largest pension fund, has suspended stock lending for short selling, calling the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Malacca woman reunited with cherished RM10 note, thanks to kind woman and social media
Source: TODAYonline - 🏆 1. / 99 Read more »

Explainer: Clearing the confusion over the national anthem — what’s changed and what’s still the same?SINGAPORE — Some Singaporeans were confused when two versions of Majulah Singapura were released on Tuesday (Dec 3) to commemorate the national anthem’s 60th anniversary.
Source: TODAYonline - 🏆 1. / 99 Read more »

How to spend a perfect family holiday, according to mum-of-two Jaelle AngThis past summer, the CEO of The Great Room finally realised a long cherished childhood dream when she took her two young daughters to Florence.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

NATO leaders caught on camera mocking TrumpThe leaders of Britain, Canada, France and the Netherlands have been caught on camera at a Buckingham Palace reception mocking US President ... Nah. They can mock, ridicule, humiliate that fool but no effect. Its skin is so thick. This is the reason why trump is better. The leaders think they are superior and above the rest of us. Sad. While trump knows there are smarter people in the world, thus knowing his limits and making use of people that underestimate him. US is really going to be better after him.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »