the government of Emmanuel Macron I will present the pension reform this Tuesday. Lowering the minimum retirement age from 62 to possibly 64 Guarantee fiscal balance until 2030. And it risks opening a season of protests and social unrest.

All unions unanimously oppose They will meet while Prime Minister Elisabeth Borne will specify the details of the reforms with economics chief Bruno Le Maire. work, Olivier Dusopt; and public functions, Stanislas Guerrini, and announced his mobilization plans.

Leaks about the reform’s content agree that the president has chosen to keep the minimum retirement age at 64. Not 65 years as originally thought Among other things, it is one of the conditions for the support of the Conservative Party Los Republicanos (LR), which is essential for the project to move forward in parliament.

Opposition to pension reform in France

All polls show that Public opinion is overwhelmingly against extending the retirement age. In a survey released last Friday, the Ifop research agency explained that 68% of those interviewed opposed raising the age to 64 and 79% opposed raising the age to 65.

Recognizing the state of this opinion and its exploitation by Marine Le Pen’s left-wing and far-right opposition parties that refuse to reform, Finance Minister Gabriel Attal: He sought to dramatize the dilemma by warning that the system is “reform or fail”.

According to Atal, if that is not done, the red numbers on public accounts will balloon, creating a further €5 trillion debt hole over the next 25 years. This number is based on the Orientation Council figures. The Pensions (COR) is an independent public body that prepares technical analysis for informed debate.

In its latest report, which has formed the basis for discussions between governments and social partners, the COR predicts that the temporary surplus the system has had over the past two years will reverse quickly and permanently. I’m here.

Specifically, we expect a pension deficit over the next decade. Equivalent to 5 to 1/8 of the Gross Domestic Product (GDP) each year. and that will continue for the period of their projections through 2050.

Since arriving in the Élysée in 2017, Mr Macron, who has made tax cuts, especially for businesses, an axiom of his policy, has rejected proposals by some trade unions and left-wing parties. increase the burden on employers He estimates that this will make businesses less competitive, resulting in tens of thousands of jobs and lower wages.

One of the unclear points that will have to be resolved this afternoon is whether it will include one of the conditions that LR President Eric Ciotti will add this Sunday regarding minimum pensions.

It is to extend the French president’s pledge that not only future retirees, but also those who have fully paid their premiums, will receive at least 85% of the minimum wage upon retirement, or around €1,200 in 13 monthly installments currently. . Also for current products.

If so, we will need to find another financial compensation mechanism to comply with the balanced regime rules.