Expo 2030 Riyadh registration dossier receives final BIE approval in Paris    Ministry of Hajj suspends 7 Umrah companies over transport violations    Al-Daqal Castle: A timeless sentinel in the mountains of Abha    Saudi Arabia participates in CERF advisory group meeting in Geneva    Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally    Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration The mobile festival reinforces the company's commitment to building vibrant communities and enhancing quality of life beyond unit delivery.    Trump abruptly leaves G7 Summit as Israel-Iran conflict intensifies    Iran launches fresh missile attack on Israel as conflict enters fifth day    15 killed in worst Russian strikes on Kyiv in almost a year    Jeddah Astronomy reports solar flare triggering geomagnetic storm    California doctor to plead guilty to supplying Matthew Perry with ketamine    Culture Ministry to present second edition of 'Terhal' performance in Diriyah this August    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Riyadh residents to receive alerts on nearby infrastructure work    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



French PM to unveil controversial new pension reform
Published in The Saudi Gazette on 10 - 01 - 2023

French Prime Minister Elisabeth Borne on Tuesday will unveil the details of a hugely controversial pension reform project to raise the retirement age to 64.
The plan has already angered a large majority of voters and will be a key test of French President Emmanuel Macron's ability to implement change.
Speaking ahead of crunch talks with unions that have fiercely resisted any change, Borne told FranceInfo radio that the age of 64 is "not set in stone".
She added that "other solutions" could help the government reach its target of balancing the pensions system by 2030.
The overhaul would be one of the most extensive in a series of pension reforms enacted by successive governments on both the left and right in recent decades aiming to end budget shortfalls.
What is clear is that the French will have to work longer than they do now.
The most likely outcome would see the retirement age raised to 64 from 62 currently. Macron initially banked on 64, but giving up one year will make it easier to get the reform adopted in parliament.
But for the unions, who have all rejected increasing the retirement age, 64 or 65 doesn't matter much. Any change in the pension age would be "a red line", said Laurent Berger, head of the moderate CFDT union.
Borne is hoping for parliamentary support from the conservative Les Republicains party, which is broadly in favor of pension reform and could vote with the government.
How its lawmakers vote will make or break the reform in parliament, where Macron lost his outright majority last year.
LR's new chief Eric Ciotti said he would back the reform if his conditions are met, including increasing the retirement age to 64 rather than 65 and bumping up the minimum pension for all, rather than only for new retirees.
Their backing would save Borne from having to make use of a constitutional measure, article 49.3, giving a minority government the right to push through legislation without a vote.
Such a move would, however, undermine the legitimacy in public opinion of the entire reform, analysts say.
Pension reform in France, where the right to retire on a full pension at 62 is always a highly sensitive issue and even more so now with social discontent mounting over the cost of living.
With currently one of the lowest retirement ages in the industrialized world, France spends more than most other countries on pensions at nearly 14 percent of economic output, according to the Organization for Economic Cooperation and Development.
54 percent of French oppose the reform, a Harris-Interactive poll showed on Monday. An Elabe poll for BFM TV last week showed only 27 percent of voters agree with increasing the retirement age — most of whom back 64 and not 65.
Some 47 percent want no change to the retirement age and 25 percent want retirement to be earlier than now.
The revamp was supposed to have been announced in mid-December but Macron, whose ruling party lost its overall parliament majority in polls last year, delayed the announcement to allow further talks.
But he said he would not be sidetracked. "This year will be the year of pension reform," he said in his traditional New Year's address.
A new system would be implemented "by the end of the summer", he promised.
Left-wing politicians have announced a tough fight against Macron's reform plans, including calls for mass demonstrations.
"It's going to get hot in the streets," threatened the leader of the far-left LFI party, Jean-Luc Melenchon.
"This is a question of social justice," tweeted the Socialist Party's parliamentary boss, Boris Vallaud. "We say no to any change in the retirement age." — Euronews


Clic here to read the story from its source.