French government finally unveils pension reform bill but what's in it? - News Summed Up

French government finally unveils pension reform bill but what's in it?


Leader of the hardline CGT union Philippe Martinez expressed anger they had not been sent a copy of the bill. Universal Points systemThe universal pensions system based on points will enter into force in 2022 for younger workers and in 2025 for those born after after 1975. The board will be in charge of ensuring the pensions system remains sustainable. Teachers pensions guaranteedTeachers have been joining the strikes and protests because they fear that a universal system would see their pensions fall dramatically. That's because they are - currently calculated based on their final six months salary rather than average earnings over 25 years, which will be future calculation under the universal system.


Source: The Local January 10, 2020 09:42 UTC



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