2 03, 2020

France invokes clause to push through pension reform

2020-03-02T15:00:13-08:00March 2nd, 2020|Categories: Pension Reform|Tags: , |

French Prime Minister Edouard Philippe has said the government invoked a special clause in the country’s Constitution to push through a controversial pension reform plan without a parliamentary vote. Speaking at the Lower House of Parliament, Philippe on Saturday announced his decision to use Article 49-3 to make into law the government’s pension reform bill, reports Xinhua news agency. The French goverment has planned to replace the current pension system of 42 regimes by a point-based single one with [...]

23 12, 2019

How do French pensions compare to the rest of Europe?

2019-12-23T10:16:37-08:00December 23rd, 2019|Categories: Pension Funding|Tags: |

Proposals to change the French pension system have provoked mass strikes across France, bringing some parts of the country to a virtual standstill. But just how good do the French have it when it comes to pensions? French unions have called the current strikes in response to a proposal by the government to reform the country's current pension system. The government says its reforms are largely about fairness and transparency - at the moment France has 42 different pension [...]

5 12, 2019

France strikes: Unions protesting pension reform disrupt transport, shutter schools and force Eiffel Tower to close

2019-12-05T16:20:58-08:00December 5th, 2019|Categories: Pension Funding|Tags: , |

Crippling strikes began in France on Thursday in response to President Emmanuel Macron’s plans to overhaul the retirement system. Transport unions led the protests and were joined by air traffic controllers, teachers and health workers. As a result, 90 percent of high-speed TGV trains did not run. The Eurostar train service — connecting Paris, London, Brussels and Amsterdam — announced significant cancellations. Air France and British budget airline easyJet said they were axing flights. Meanwhile, many schools were closed, and [...]