France’s Constitutional Council clears President Emmanuel Macron’s plan to raise the retirement age to 64 from 62

4/14/2023

France’s Constitutional Council clears President Emmanuel Macron’s plan to raise the retirement age to 64 from 62.

France raised the age at which workers can enjoy full retirement pensions with special exemptions given to those who started working before they turned 20 in January. The change is expected to occur in 2030 and will gradually start this year.

French Prime Minister Elisabeth Borne announced that the retirement age wherein workers would get full pension will increase by 62 to 64. The change will gradually start increasing every year by three months starting now.

Borne also added new requirements, including individuals needing to have worked a minimum number of years to receive the full pension. By 2027, to claim full pension, workers individuals should have worked at least 43 years.

The move by Borne has incited calls for protests from worker unions and political opponents. The Prime Minister released a statement regarding the positive benefits of this move.

Borne: “Working more will allow future retirees to get higher pensions... By 2030, our system will be financially balanced,”

Read more: https://unusualwhales.com/news/france-raises-retirement-age-pension-in-2030-from-62-to-64

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