Macron's pension reform sparks opposition and singing in the streets.

1 min read
Source: Reuters
Macron's pension reform sparks opposition and singing in the streets.
Photo: Reuters
TL;DR Summary

French President Emmanuel Macron's pension reform, which raises the retirement age from 62 to 64, has ended the country's cherished social benefit of retiring early. While French pension payments are higher than elsewhere, the period workers are required to pay in is gradually being raised from 42 to 43 years, and Macron's reform brings forward the 43-year target to 2027 from 2035 previously. The reform has caused public anger and protests, but Macron argues that it will create more wealth for the economy and allow greater levels of investment.

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