Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Virunga Park chief shot

Read more

MEDIAWATCH

Algerian election: Bouteflika votes in wheelchair

Read more

MEDIAWATCH

Algeria's media: a mixture of censorship and free speech

Read more

DEBATE

Algeria: What's the Choice? Incumbent Bouteflika Votes in Wheelchair

Read more

WEB NEWS

Nigerian web users call for end to violence

Read more

FOCUS

Bitcoin in the US: A monetary revolution?

Read more

ENCORE!

Fast cars and slow trains

Read more

WEB NEWS

Chile: online mobilization to help Valparaiso fire victims

Read more

FACE-OFF

François Hollande: France's most unpopular president

Read more

  • With a strong French presence, veterans and fresh faces, Cannes aims to please

    Read more

  • Russia and West agree on steps to ease Ukraine crisis

    Read more

  • Nobel-winning Colombian writer Gabriel Garcia Marquez dies at 87

    Read more

  • Low turnout in Algerian election tipped to return Bouteflika

    Read more

  • French troops free five aid workers kidnapped in Mali by Islamists

    Read more

  • In pictures: Iranian woman pardons son’s killer at the gallows

    Read more

  • After cup defeat, Spanish pundits read last rites for Barcelona

    Read more

  • Frantic search for survivors of sunken South Korea ferry

    Read more

  • India heads to polls in single largest day of voting

    Read more

  • Ukraine talks open in Geneva as Putin talks tough on TV

    Read more

  • Pro-Russian separatists killed in attack on Black Sea base

    Read more

  • Man executed in Texas for 2002 triple murder

    Read more

  • Scandal-hit French doctor Jacques Servier dies at 92

    Read more

  • Belgian head of wildlife reserve shot in DR Congo

    Read more

  • Crunch talks on Ukraine begin in Geneva

    Read more

  • Stagehand of God? Maradona's legendary goal inspires a play

    Read more

  • US rolls out red carpet for French critic of capitalism

    Read more

  • N. Korea not amused by London hair salon's Kim Jong-un ad

    Read more

  • Real Madrid beat old foes Barcelona to lift Copa del Rey

    Read more

  • France's new PM targets welfare in drive to cut spending

    Read more

  • Campaigning against Bouteflika's re-election... in France

    Read more

  • Brazil club Mineiro cancel Anelka signing after no-show

    Read more

  • Syria 'torture' photos silence UN Security Council members

    Read more

  • Paris laboratory loses deadly SARS virus samples

    Read more

  • More than 100 schoolgirls kidnapped in northeast Nigeria

    Read more

Europe

New French government partially lowers pension age

©

Video by Shirli SITBON , FRANCE 2

Text by News Wires

Latest update : 2012-06-07

France's Socialist government said Wednesday it moved to lower the retirement age to 60 for those who began working when they were very young, partially undoing an unpopular and much-protested reform of recently-departed president Nicolas Sarkozy.

AFP - France's new Socialist government rolled back an emblematic reform of Nicolas Sarkozy's administration on Wednesday with a decree lowering the retirement age from 62 to 60 for some workers, a minister said.

The decree, reducing the age limit for people who begin their careers at the age of 18, was agreed on at a cabinet meeting, Social Affairs Minister Marisol Touraine told reporters as she left the meeting.

It will be finalised before the end of the month before being published in France's official gazette.

Next year around 110,000 people are expected to benefit from the measure at an estimated cost of 1.1 billion euros ($1.4 billion), an amount expected to rise to 3.0 billion euros a year by 2017, she said.

Up to six months of unemployment and six months of maternity leave can be included in the calculation of the amount of time a worker has to pay into pension funds to benefit from retirement at 60, Touraine said.

This system means that "women who worked and who had children will not be penalised in the calculation of their pension", she said, adding that the project will be financed by a 0.1 percentage point rise in worker and employer contributions.

Touraine said that the new decree, which goes against the current of pension reform in Europe, was "a measure of justice which concerns those who were penalised most by the reform of 2010".

Right-wing president Sarkozy raised France's retirement age that year from 60 to 62 despite months of protests that brought millions onto the streets.

Under the new system, workers who begin their careers at 18 will be able to retire if they have paid into state pension plans for 41 years or 41.5 years, depending on their year of birth.

The reform comes ahead of a "social conference" to be held by Prime Minister Jean-March Ayrault on July 9-10 which will include representatives from France's five main unions and employers' organisations.

The conference is expected to cover employment, training, pay, the minimum wage, working conditions and retirement.

 

Date created : 2012-06-06

  • DIPLOMACY

    Hollande turns tide against Merkel's austerity

    Read more

  • DIPLOMACY

    Eurozone woes to top G8 summit agenda

    Read more

Comments

COMMENT(S)