Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Togo : will president Faure Gnassingbe win a third 5-year term ?

Read more

MEDIAWATCH

Controversy reigns 100 years after the Armenian genocide

Read more

THE WORLD THIS WEEK

Migrant Deaths: Politicians Divided after Emergency EU Summit

Read more

THE WORLD THIS WEEK

The G-Word: Turkey and the Armenian Genocide

Read more

FRANCE IN FOCUS

What will the new French healthcare bill change?

Read more

#TECH 24

Space Special: Happy Birthday, Hubble!

Read more

FOCUS

Video: Meeting Marseille's Armenian community

Read more

REPORTERS

Saving French soldiers' WWI trench carvings

Read more

ENCORE!

Armenia, 100 years on

Read more

France

France to speed up pension reform, says report

Latest update : 2011-11-06

France is set to raise its legal minimum retirement age to 62 one or two years ahead of schedule in a bid to reduce the country’s spiralling deficit, according to a report from French economics newspaper Les Echos.

REUTERS - France will accelerate its move to a higher retirement age as part of a package of budget savings to be announced on Monday, Les Echos newspaper reported.

The transition to France’s higher retirement age of 62 will now occur in either 2016 or 2017, instead of 2018, reported the paper on its website on Sunday.

Pushing back France’s retirement age to 62 from 60 was a key victory for the centre-right government of President Nicolas Sarkozy last year.

On Monday, the government is set to announce an additional 6 to 8 billion euros in cost savings as part of an effort to cut the country’s deficit to 4.5 percent of GDP next year.

 

Date created : 2011-11-06

  • FRANCE - ECONOMY

    Budget for 2012 most rigorous since WWII, says PM

    Read more

  • FRANCE

    French finance minister defends austerity budget

    Read more

  • FRANCE

    French foreign ministry hit by budget cut squeeze

    Read more

COMMENT(S)