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By 2030, France wants to raise the retirement age to 64: PM

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According to French Prime Minister Elisabeth Borne, the French government intends to begin raising the retirement age by three months every year on September 1, 2023, boosting it from the current 62 to 64 years old by 2030.

“The official retirement age will be raised yearly by three months beginning on September 1, 2023, until it reaches 64 years old by the year 2030. It will be 63 years and 3 months when President Emmanuel Macron’s five-year term as president comes to an end “During his presentation of proposed pension reform on Tuesday, Borne remarked.

The French prime minister also emphasized the need to “keep a balance” between the nation’s working-age population and its gradually rising elderly population.

For people who have fulfilled the requisite 43 years of work experience necessary for earning a pension, the government will index roughly 2 million pension benefits so that they reach 85% of the subsistence level and amount to 1,200 euros (USD1,288) per month, according to Borne.

Borne added that the change allowed those who had started working young to retire earlier. The bill also assumes that maternity leave for women would be factored into the computation of working years, even though this hasn’t been done yet.

A number of opposition lawmakers, including Jean-Luc Melenchon, the leader of the left-leaning La France Insoumise party, and Marine Le Pen, the head of the right-leaning National Rally faction in the French parliament, have already vowed to obstruct a vote on the bill in the French parliament.

Borne would not rule out the possibility that the French government might use Article 49.3 of the nation’s constitution, which permits a change to be enacted directly and without a vote, to pass the bill.

More than 250,000 people demonstrated against the pension reform and called for an increase in the minimum wage in September across France.

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