Web1 day ago · The French president and his government argue the new law is needed to ensure that France’s generous pension system does not go bust. WebApr 14, 2024 · Macron says the French must work longer or else the pension budget will fall billions of euros into the red each year by the end of the decade. But the pension system is a cornerstone of France's ...

The ruling on France

WebMar 24, 2024 · The French government has defended the retirement reform — which includes other changes — as necessary to keep the pension system funded. Taxes on … WebMar 21, 2011 · How the French pension system works - Henri Simon. Henri Simon looks behind the pension reform demonstrations and sees discontent with politics and … good lightweight for android

Understanding the French pension system - American University o…

WebApr 14, 2024 · French workers can receive a state pension from the age of 62, but it will be less if that person has not made the required number of contributions. Aged 67, they are entitled to the full state pension regardless of their contributions. Mr Macron's changes will see the age that workers can receive a state pension increase to 64. WebA full pension is calculated as follows: Take the average of the 25 highest paid years in your career (linked to inflation). Your pension is then 50% of this amount, though it is capped by using the social security annual ceiling (€34,620 in 2010). So the maximum pension would be 50% of this i.e. €17,310 per annum. WebFrance’s public pension fund is financed through payroll taxes derived from social security contributions which are currently 15.15% on income earned. The mandatory occupational pensions – ARRCO for non-executives, AGIRC for executives – have been designed to complement public pensions to supply between 70-80% of the retiree’s income. good lightweight electric guitar