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French PM Edouard Philippe unveils controversial new pensions Strategy

France’s prime minister has pledged to push forward with controversial reforms to the nation’s pension system regardless of crippling strikes.

Edouard Philippe reported the plans want to simplify the present regime, which includes 42 different pension schemes for employees based on their livelihood.

Industrial action from the run-up into Philippe’s statement on Wednesday has paralyzed public transportation in Paris and interrupted federal rail services and grounded several airplanes.

“We’ll put a stop to particular regimes,” Philippe said. “We will take action without brutality. The timing of [a] universal strategy has arrived, that of the particular regimes is finishing.”

To those concerned the new points-based system may lead to successive authorities devaluing the worth of this point and so the number of pensions, Philippe said the legislation will”guarantee” its worth, which is indexed on wages and establish by unions under the control of parliament.

The most controversial statement was the”critical age” of retirement, that has been pushed out of 62 to 64 decades, despite 62 staying the era an individual can lawfully opt to retire. It’ll be implemented from 2027 to individuals born after 1975.

The reform consists of general provisions, like a”minimum retirement” of 1,000 euros (that has been French legislation as 2003), in addition to guarantees for particular groups. Those at a”tiring endeavor” and individuals who entered the labor market before age 20 will be permitted to retire two years before, Philippe stated. Points will be allocated to maternity leave from the very first kid, rather than the third now, making girls the”big winners” of the reform, Philippe stated. Pensions for teachers aren’t going to change, the PM stated, and their wages will revalue from the upcoming decades. Freelance employees will see their pensions donations tasked using the new system” in the following 15 years”, he explained.

Unions are unconvinced
The French PM’s statements failed to convince unions: the CGT rail union has known to”fortify the attack” while the FO employees’ union said there’s a”requirement to strengthen the mobilization” contrary to the reform.

The chief of the CFDT union, which until then had refrained from calling to attack, has stated that”a red line was crossed” concerning the retirement”critical age”, driven from 62 to 64. USA, the largest marriage of the Paris subway system RATP, has experienced a similar response, stating that a”limitation” was”crossed” on retirement age.

The only marriage who said that the reform was”balanced” would be that the Medef, traditionally the administration’s marriage.