France Pension
French pension reform aimed at keeping taxes low, says Government
Paris: The pension reform in France is being carried out to balance the country's pension financial system without raising taxes, government spokesman Olivier Veran said on Wednesday.
The draft pension reform provides for gradually increasing the retirement age in France from 62 to 64 years and canceling special regimes for a number of difficult professions. The draft bill caused massive public outrage and a wave of demonstrations that swept across the country.
"Why are we carrying out this [pension] reform? In order to keep out distributive [pension] system, not to raise taxes, not to decrease pensions and increase debt. All we do is aimed at that. We stick to this aim and keep it," Veran said in his interview for French radio station Europe 1.
He also said that the retirement age is being increased to "look the French people in the eye in five, 10, 15 years" and to tell them that their pension contributions and the pension system itself would guarantee them "decent income" in retirement.
French government spokesman added that adopting the pension reform would "without a shadow of doubt" ensure the country's financial balance by 2030.
On March 11, the upper chamber of the French parliament endorsed the pension reform project suggested by the government. On March 16, the lower chamber will vote on the document.
(With UNI inputs)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
