France to raise retirement age

Talk of raising the retirement age has been taboo in France.

France to raise retirement age

The French government will raise the retirement age from 60 to 62, Labour Minister Eric Woerth announced Wednesday as he unveiled a sweeping overhaul of the pensions system.

Under the plan, which is likely to meet stiff trade union resistance, the minimum retirement age will be lifted gradually to 62 in 2018 from 60 at present, Labour Minister Eric Woerth told reporters.

"It is imperative that we salvage our pensions system," Woerth told a news conference. "Working longer is inevitable. There is not magical solution."

Talk of raising the retirement age has been taboo in France where the right to a pension from age 60 has been enshrined since 1982, a legacy of Socialist president Francois Mitterrand's administration.


Agencies

Last Mod: 16 Haziran 2010, 14:30
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