20 ms·

The french pension reform attempts have been going on for decades. I remember in the mid-90s a huge, weeks- (months-?) long public transit strike which, funnily

The french pension reform attempts have been going on for decades. I remember in the mid-90s a huge, weeks- (months-?) long public transit strike which, funnily enough, kick-started Parisian's interest in roller-blading (and led to the awesome weekly Friday-night roller-blading tour [1]. If it's your thing, I highly recommend it! But be prepared to have to go over some cobblestone sections) France's system has the working population pay for the pension on the retirees, as a social security tax. With the retirement age around 62-65, with the lifespan increasing, and with the Baby Boomers retiring, it isn't a sustainable system. Every president, be they socialist or liberal, have attempted to tackle the issue, only to get country-paralyzing backlash. People will nitpick the details of whatever current plan proposes, but the fundamental problem remains. [1] https://pari-roller.com https://pari-roller.com

rat9988 4y ago
it isn't a sustainable system. This is wrong. We have an institute that has one mission. Evaluate its sustainibility, and it disagrees with you.
- golemotron 4y ago
  We should make a list of organizations that have one mission and fail in that mission. It would take much time.
  - Twisell 4y ago
    Well the irony is that our french government is precisely relying on one cherry picked scenario of this organization to justify it's reform... So it's why polls quite unanimously report that 70% of the population is opposed of this reform on a quite developer friendly axiom : "When it ain't broken don't try fix it!" Bonus fun fact 1 : Even with the cherry picked scenario of our gov the system might be in slight imbalance starting 2027 while it's currently balanced. To put this in perspective 10 years ago the same organisation predicted a great imbalance for today. Bonus fun fact 2 : The 70% rejection poll is an average. One of the only group that is less rejecting the reform consist of already retired people. There is a growing resentment against baby boomers in the xyz generation.
- Alupis 4y ago
  In other news, lawyers say you need a lawyer, plumbers say you need a plumber, etc. Not a single pension program on earth is sustainable - including the US' Social Security System. All of them are political 3rd rails and kill careers of anyone seeking to do meaningful reform. Why did we get to a situation where the government is in charge of safeguarding your retirement and wellbeing? It's insane... we should compel people to have IRA's or some sort of retirement account, but the money needs to be under the control of the person it belongs to.
- skywal_l 4y ago
  That is not correct. Have a look at this 20mn interview: https://www.youtube.com/watch?v=ngnxmampNBM https://www.youtube.com/watch?v=ngnxmampNBM
omegaworks 4y ago
̶F̶r̶a̶n̶c̶e̶ ̶h̶a̶s̶ ̶c̶o̶n̶t̶r̶o̶l̶ ̶o̶f̶ ̶i̶t̶s̶ ̶c̶u̶r̶r̶e̶n̶c̶y̶.̶ ̶T̶h̶e̶ ̶p̶e̶n̶s̶i̶o̶n̶ ̶s̶y̶s̶t̶e̶m̶ ̶d̶o̶e̶s̶ ̶n̶o̶t̶ ̶n̶e̶e̶d̶ ̶t̶o̶ ̶b̶e̶ ̶p̶a̶i̶d̶ ̶b̶y̶ ̶t̶a̶x̶e̶s̶ ̶o̶n̶ ̶w̶o̶r̶k̶i̶n̶g̶ ̶p̶e̶o̶p̶l̶e̶.̶ Oops I forgot about the Euro. Oh well, so much for sovereignty.
- AceJohnny2 4y ago
  > France has control of its currency No it does not. It uses the Euro, which technically requires it to maintain a balance.
  - jbn 4y ago
    if only it had control of its currency! The way out of this previously was to devaluate currency so that the face amounts of pension stay the same but purchasing power decreases (in other words, it decreases the value of pension in a much less visible way, and done over many years is like a slow boil).
- sokoloff 4y ago
  Honest question: is that the case? I thought the Euro adoption meant they couldn't print currency with the same freedoms that say the US or UK could.
  - ccooffee 4y ago
    You are correct and Euro comes with restrictions on creating currency for macroeconomic reasons. This was in the limelight during the 2008-2012 Greek debt crisis, and also came up around that time for other EU countries (Spain and Portugal at least). Additionally, Iceland, which does not use the Euro, had at one time pegged their króna to the Euro which caused issues in the 2008-2012 time period (though as I recall the main problem had to do with some other nation taking a major Icelandic bank into receivership post-2007 collapse).
- tiedieconderoga 4y ago
  If they print more money to meet their pension obligations, that causes inflation which quickly erodes the value of the payments. So, printing money to meet pension obligations has a similar effect to reducing the amount which is paid out. Also, I don't think many people accept Francs as currency anymore.
justeleblanc 4y ago
Every single pension system has the working population pay for the retirees. Where do you think the money comes from? Thin air? Any increase in the value of pension funds (for example) is coming from the workers.
- aetherson 4y ago
  I think a lot of people assume that pension systems ought to or actually do work as savings/investment systems, like private 401(k)s do. So you pay into the system when you're working age, your money is saved, then it is paid out to you later.
  - Izikiel43 4y ago
    After seeing the pensioners in my home country living in poverty because of economic crisis destroying their pensions, the government using pension money as if it was its own, and being actively hostile to pensioners by delaying trials to pay the pension money fairly waiting for them to die, I will take a 401(k) over that always, my money is mine and no one else's.
    - yazantapuz 4y ago
      Argentinian? The government theft of the private funds was outrageous. Although the AFJPs were far from being a 401(k) system.
      - Izikiel43 4y ago
        > Argentinian Takes one to know one
    - eniotna 4y ago
      Money is never truly yours if you are not the issuer. That's why we need more "hard" money (gold, bitcoin).
      - 4y ago
flashfaffe2 4y ago
French here: Though the problem is well known (at least for 40 years), No french governments has considered diversifying the source of the revenue funding the pension system. Actually its worse as the only capitalisation existing are in a process to be nationalised. Moreover, this reform is purely the outcome of political game. Macron electorat is mainly the 'boomers' who fully beneficiated of th situation ( in fact their pension are impacted despite having higher wealth than the majority of the workers). I personally would consider a reform only if there an effort requested for everyone.
- rahen 4y ago
  As a French, I have absolutely no trust in the government to manage my pension. And no desire to hand them that power either. But as usual they'll fight tooth and nail to keep their monopoly, as they like us to depend on them as much as possible.
  - ur-whale 4y ago
    Vote with your feet (i.e: walk away from it all), it's the only option.
    - flashfaffe2 4y ago
      What I personally did but very hard to convince others to follow that way...
    - rahen 4y ago
      Yes, that's what I've done for about a decade now, and apparently more and more people do as well (abstention is record high). The thing is I distrust big corporations almost as much as I distrust big government, but at least, it's easier to move to a different company when one of them really sucks, provided there's a bit of competition. With governments, there's no such thing, you're stuck with them for 5 years, and their power only keeps growing. The French gov, like most others, basically only seeks more money and power over society. Whatever the ruling party.
bsaul 4y ago
baby boomers aren't retiring, they're dying. The pension system has already been through its worst period and managed to not get too badly hurt. I really don't understand this reform. However for me to understand it, one would need an 8 hour video stream full of spreadsheet with an actual expert working on that reform. And no media is ready to do that
- supernova87a 4y ago
  I'm not sure where your facts (or opinions) are from. There is a coming wave of retirees, and an associated decrease in the workers per retiree to support them. https://www.ssa.gov/OACT/tr/2022/ https://www.ssa.gov/OACT/tr/2022/ See page 12, page 15. If you both are not understanding the issue, and not interested in learning about the details, then maybe you shouldn't take a strong opinion on the matter.
  - bsaul 4y ago
    baby boomers are people born between 1945 and 1960. Meaning people between 63 and 78 yo. All of them are already retired, and the oldest ones are starting to die.
- globalreset 4y ago
  https://www.populationpyramid.net/france/2022/ https://www.populationpyramid.net/france/2022/ doesn't look like it. The bulk of population just started going through the retirement age. Click -5 6 times, then start clicking +5 and watch how it moves.
  - bsaul 4y ago
    the bump between 2017 and 2022 is mostly around the 75 yo slice. That's the beginning of baby boomer generation. Meaning this generation has been retired for more than 10 years now. It's going to be 10 more rough years, until 2032, and then the shape stabilizes. Changing the age from 62 to 64 won't change anything to this generation impact on the system. Now is the 2032 shape sustainable with the current retirement age ? that's another question, but it's not a matter of protecting against the baby boomer impact.
retinaros 4y ago
the system IS sustained. the main white collar one even generates profits. increase the salaries that will increase money being sent to retirement funds and it won’t be a problem anymore. france income per capita has been the same for the past 20 years. they are stealing our wages to make us slaves and they blame us for not working enough. christine lagarde pushed for blocking wage rise in the EU, european commission non elected leaders are pushing for it too. salaries for blue collar in france are becoming those of much poorer countries and in a globalised world where most of the goods are made in countries where salaries are rising as well as inflation, blocking our wages is only sending us to the third world . it is nothing else than a betrayal at the highest level of the state
- vkou 4y ago
  > and in a globalised world where most of the goods are made in countries where salaries are rising as well as inflation, blocking our wages is only sending us to the third world . Just throwing this out here, but in a globalized world, by what mechanism would one expect Europeans and Americans will be able to enjoy a greater standard of living than people in, say, Asia? Are they somehow smarter? More productive? In control of more natural resources? If not, why would you expect that the first-third world gap to not continue to normalize?
  - 4gotunameagain 4y ago
    well, we _do_ have a head start and stable (post?)industrial societies with mechanisms already set in place.
  - bboygravity 4y ago
    Because the USD is the world reserve currency. That's why.
    - billforsternz 4y ago
      That might explain the USA, but it doesn't explain Canada, Europe, Australasia and Japan.
joe_the_user 4y ago
The french pension reform attempts have been going on for decades ... Every president, be they socialist or liberal, have attempted to tackle the issue, only to get country-paralyzing backlash.... it isn't a sustainable system. Good For them? They've been trying to change this forty years? So they were trying to change this back when it ipso facto was sustainable, since it's survived 'till now. How credible does that make the current effort. Certainly, America has changed a bunch of supposedly "unsustainable" things into ... utter misery for the average person.
- Nasrudith 4y ago
  Awkwardly that same logic applied to global warming would not work out well. Under the rug is not a solution unfortunately.
  - joe_the_user 4y ago
    So? Do you have any argument that these two questions should be approached the same way?
yodsanklai 4y ago
> Every president, be they socialist or liberal, have attempted to tackle the issue, only to get country-paralyzing backlash. People will nitpick the details of whatever current plan proposes, but the fundamental problem remains. The Touraine Law in 2014 raised the number of worked years from 36 to 43, which is a big deal. So it's not like nothing happened. Also there are good reasons to dispute the current proposal, it's not just nitpicking details, it will impact very negatively some people and perhaps there are other ways to fix the system.
- soco 4y ago
  Indeed even here in the comments everybody gets heated about the details, so on the streets it will be even worse. What everybody (how conveniently for them) ignores is why, when this pension was invented, did they choose a certain age when to benefit from it. They chosen it by age expectation, that not everybody gets to reach it so the survivors will benefit. Nowadays this very principle is broken and we all get hung on 63 or 65 while the average/median/whatever live over 70. So basically everybody requests and expects a pension which wasn't even thought for everybody. It's not the system's fault here - it wasn't designed for today's pyramid - but I also recognize you cannot expect people to accept that, so here we are.
- jbn 4y ago
  > The Touraine Law in 2014 raised the number of worked years from 36 to 43, which is a big deal. that's right, and what's so surprising (to me) today is that the Touraine law got enacted without much protest, while what's happening today is taking the same terms for retirement and extending them to younger generations (i.e. those born between 1960 and 1973) is causing protests. The current proposed reform looks like a big deal, but the bigger deal happened in 2014 and was barely noticed (because the lawmakers were careful enough to put it far enough in the future...).
mzs 4y ago
> France's system has the working population pay for the pension on the retirees, as a social security tax. With the retirement age around 62-65, with the lifespan increasing, and with the Baby Boomers retiring, it isn't a sustainable system. It can be sustainable, even at comprable rates, especially with fewer younger workers if wages are allowed to increase to meet labor demand.
holoduke 4y ago
Who says its not a sustainable system? That is really just a popular assumption. The system is working well at this point with enough headroom. Lobbygroups from the EU and large institutions are pledging for this change. There is not enough workforce according to them. Their profits are endangered. Nobody from those entities are looking at the well being of the citizens.
- nonethewiser 4y ago
  > Who says its not a sustainable system? The fact that it’s running out of money
  - rcMgD2BwE72F 4y ago
    It does not.
nonethewiser 4y ago
Good. Seems they’re going to have to confront the failure of the system. Better than digging a deeper hole.
- rcMgD2BwE72F 4y ago
  Parent comment is just wrong. The COR (Conseil d'Orientation des Retraites, meaning advisory board on retirement to the French Prime Minister) says this clearly: the current system is sustainable and does not need to be reformed. https://www.cor-retraites.fr/node/595 https://www.cor-retraites.fr/node/595. Or in video here: https://www.youtube.com/watch?v=GsL1wT8jxVU https://www.youtube.com/watch?v=GsL1wT8jxVU (subs auto-translated to English are available).
deleted 4y ago
[deleted]
deleted 4y ago
[deleted]

rat9988 4y ago

it isn't a sustainable system. This is wrong. We have an institute that has one mission. Evaluate its sustainibility, and it disagrees with you.

golemotron 4y ago
We should make a list of organizations that have one mission and fail in that mission. It would take much time.
- Twisell 4y ago
  Well the irony is that our french government is precisely relying on one cherry picked scenario of this organization to justify it's reform... So it's why polls quite unanimously report that 70% of the population is opposed of this reform on a quite developer friendly axiom : "When it ain't broken don't try fix it!" Bonus fun fact 1 : Even with the cherry picked scenario of our gov the system might be in slight imbalance starting 2027 while it's currently balanced. To put this in perspective 10 years ago the same organisation predicted a great imbalance for today. Bonus fun fact 2 : The 70% rejection poll is an average. One of the only group that is less rejecting the reform consist of already retired people. There is a growing resentment against baby boomers in the xyz generation.
Alupis 4y ago
In other news, lawyers say you need a lawyer, plumbers say you need a plumber, etc. Not a single pension program on earth is sustainable - including the US' Social Security System. All of them are political 3rd rails and kill careers of anyone seeking to do meaningful reform. Why did we get to a situation where the government is in charge of safeguarding your retirement and wellbeing? It's insane... we should compel people to have IRA's or some sort of retirement account, but the money needs to be under the control of the person it belongs to.
skywal_l 4y ago
That is not correct. Have a look at this 20mn interview: https://www.youtube.com/watch?v=ngnxmampNBM https://www.youtube.com/watch?v=ngnxmampNBM

omegaworks 4y ago

̶F̶r̶a̶n̶c̶e̶ ̶h̶a̶s̶ ̶c̶o̶n̶t̶r̶o̶l̶ ̶o̶f̶ ̶i̶t̶s̶ ̶c̶u̶r̶r̶e̶n̶c̶y̶.̶ ̶T̶h̶e̶ ̶p̶e̶n̶s̶i̶o̶n̶ ̶s̶y̶s̶t̶e̶m̶ ̶d̶o̶e̶s̶ ̶n̶o̶t̶ ̶n̶e̶e̶d̶ ̶t̶o̶ ̶b̶e̶ ̶p̶a̶i̶d̶ ̶b̶y̶ ̶t̶a̶x̶e̶s̶ ̶o̶n̶ ̶w̶o̶r̶k̶i̶n̶g̶ ̶p̶e̶o̶p̶l̶e̶.̶ Oops I forgot about the Euro. Oh well, so much for sovereignty.

AceJohnny2 4y ago
> France has control of its currency No it does not. It uses the Euro, which technically requires it to maintain a balance.
- jbn 4y ago
  if only it had control of its currency! The way out of this previously was to devaluate currency so that the face amounts of pension stay the same but purchasing power decreases (in other words, it decreases the value of pension in a much less visible way, and done over many years is like a slow boil).
sokoloff 4y ago
Honest question: is that the case? I thought the Euro adoption meant they couldn't print currency with the same freedoms that say the US or UK could.
- ccooffee 4y ago
  You are correct and Euro comes with restrictions on creating currency for macroeconomic reasons. This was in the limelight during the 2008-2012 Greek debt crisis, and also came up around that time for other EU countries (Spain and Portugal at least). Additionally, Iceland, which does not use the Euro, had at one time pegged their króna to the Euro which caused issues in the 2008-2012 time period (though as I recall the main problem had to do with some other nation taking a major Icelandic bank into receivership post-2007 collapse).
tiedieconderoga 4y ago
If they print more money to meet their pension obligations, that causes inflation which quickly erodes the value of the payments. So, printing money to meet pension obligations has a similar effect to reducing the amount which is paid out. Also, I don't think many people accept Francs as currency anymore.

justeleblanc 4y ago

Every single pension system has the working population pay for the retirees. Where do you think the money comes from? Thin air? Any increase in the value of pension funds (for example) is coming from the workers.

aetherson 4y ago
I think a lot of people assume that pension systems ought to or actually do work as savings/investment systems, like private 401(k)s do. So you pay into the system when you're working age, your money is saved, then it is paid out to you later.
- Izikiel43 4y ago
  After seeing the pensioners in my home country living in poverty because of economic crisis destroying their pensions, the government using pension money as if it was its own, and being actively hostile to pensioners by delaying trials to pay the pension money fairly waiting for them to die, I will take a 401(k) over that always, my money is mine and no one else's.
  - yazantapuz 4y ago
    Argentinian? The government theft of the private funds was outrageous. Although the AFJPs were far from being a 401(k) system.
    - Izikiel43 4y ago
      > Argentinian Takes one to know one
  - eniotna 4y ago
    Money is never truly yours if you are not the issuer. That's why we need more "hard" money (gold, bitcoin).
    - 4y ago

flashfaffe2 4y ago

French here: Though the problem is well known (at least for 40 years), No french governments has considered diversifying the source of the revenue funding the pension system. Actually its worse as the only capitalisation existing are in a process to be nationalised. Moreover, this reform is purely the outcome of political game. Macron electorat is mainly the 'boomers' who fully beneficiated of th situation ( in fact their pension are impacted despite having higher wealth than the majority of the workers). I personally would consider a reform only if there an effort requested for everyone.

rahen 4y ago
As a French, I have absolutely no trust in the government to manage my pension. And no desire to hand them that power either. But as usual they'll fight tooth and nail to keep their monopoly, as they like us to depend on them as much as possible.
- ur-whale 4y ago
  Vote with your feet (i.e: walk away from it all), it's the only option.
  - flashfaffe2 4y ago
    What I personally did but very hard to convince others to follow that way...
  - rahen 4y ago
    Yes, that's what I've done for about a decade now, and apparently more and more people do as well (abstention is record high). The thing is I distrust big corporations almost as much as I distrust big government, but at least, it's easier to move to a different company when one of them really sucks, provided there's a bit of competition. With governments, there's no such thing, you're stuck with them for 5 years, and their power only keeps growing. The French gov, like most others, basically only seeks more money and power over society. Whatever the ruling party.

bsaul 4y ago

baby boomers aren't retiring, they're dying. The pension system has already been through its worst period and managed to not get too badly hurt. I really don't understand this reform. However for me to understand it, one would need an 8 hour video stream full of spreadsheet with an actual expert working on that reform. And no media is ready to do that

supernova87a 4y ago
I'm not sure where your facts (or opinions) are from. There is a coming wave of retirees, and an associated decrease in the workers per retiree to support them. https://www.ssa.gov/OACT/tr/2022/ https://www.ssa.gov/OACT/tr/2022/ See page 12, page 15. If you both are not understanding the issue, and not interested in learning about the details, then maybe you shouldn't take a strong opinion on the matter.
- bsaul 4y ago
  baby boomers are people born between 1945 and 1960. Meaning people between 63 and 78 yo. All of them are already retired, and the oldest ones are starting to die.
globalreset 4y ago
https://www.populationpyramid.net/france/2022/ https://www.populationpyramid.net/france/2022/ doesn't look like it. The bulk of population just started going through the retirement age. Click -5 6 times, then start clicking +5 and watch how it moves.
- bsaul 4y ago
  the bump between 2017 and 2022 is mostly around the 75 yo slice. That's the beginning of baby boomer generation. Meaning this generation has been retired for more than 10 years now. It's going to be 10 more rough years, until 2032, and then the shape stabilizes. Changing the age from 62 to 64 won't change anything to this generation impact on the system. Now is the 2032 shape sustainable with the current retirement age ? that's another question, but it's not a matter of protecting against the baby boomer impact.

retinaros 4y ago

the system IS sustained. the main white collar one even generates profits. increase the salaries that will increase money being sent to retirement funds and it won’t be a problem anymore. france income per capita has been the same for the past 20 years. they are stealing our wages to make us slaves and they blame us for not working enough. christine lagarde pushed for blocking wage rise in the EU, european commission non elected leaders are pushing for it too. salaries for blue collar in france are becoming those of much poorer countries and in a globalised world where most of the goods are made in countries where salaries are rising as well as inflation, blocking our wages is only sending us to the third world . it is nothing else than a betrayal at the highest level of the state

vkou 4y ago
> and in a globalised world where most of the goods are made in countries where salaries are rising as well as inflation, blocking our wages is only sending us to the third world . Just throwing this out here, but in a globalized world, by what mechanism would one expect Europeans and Americans will be able to enjoy a greater standard of living than people in, say, Asia? Are they somehow smarter? More productive? In control of more natural resources? If not, why would you expect that the first-third world gap to not continue to normalize?
- 4gotunameagain 4y ago
  well, we _do_ have a head start and stable (post?)industrial societies with mechanisms already set in place.
- bboygravity 4y ago
  Because the USD is the world reserve currency. That's why.
  - billforsternz 4y ago
    That might explain the USA, but it doesn't explain Canada, Europe, Australasia and Japan.

joe_the_user 4y ago

The french pension reform attempts have been going on for decades ... Every president, be they socialist or liberal, have attempted to tackle the issue, only to get country-paralyzing backlash.... it isn't a sustainable system. Good For them? They've been trying to change this forty years? So they were trying to change this back when it ipso facto was sustainable, since it's survived 'till now. How credible does that make the current effort. Certainly, America has changed a bunch of supposedly "unsustainable" things into ... utter misery for the average person.

Nasrudith 4y ago
Awkwardly that same logic applied to global warming would not work out well. Under the rug is not a solution unfortunately.
- joe_the_user 4y ago
  So? Do you have any argument that these two questions should be approached the same way?

yodsanklai 4y ago

> Every president, be they socialist or liberal, have attempted to tackle the issue, only to get country-paralyzing backlash. People will nitpick the details of whatever current plan proposes, but the fundamental problem remains. The Touraine Law in 2014 raised the number of worked years from 36 to 43, which is a big deal. So it's not like nothing happened. Also there are good reasons to dispute the current proposal, it's not just nitpicking details, it will impact very negatively some people and perhaps there are other ways to fix the system.

soco 4y ago
Indeed even here in the comments everybody gets heated about the details, so on the streets it will be even worse. What everybody (how conveniently for them) ignores is why, when this pension was invented, did they choose a certain age when to benefit from it. They chosen it by age expectation, that not everybody gets to reach it so the survivors will benefit. Nowadays this very principle is broken and we all get hung on 63 or 65 while the average/median/whatever live over 70. So basically everybody requests and expects a pension which wasn't even thought for everybody. It's not the system's fault here - it wasn't designed for today's pyramid - but I also recognize you cannot expect people to accept that, so here we are.
jbn 4y ago
> The Touraine Law in 2014 raised the number of worked years from 36 to 43, which is a big deal. that's right, and what's so surprising (to me) today is that the Touraine law got enacted without much protest, while what's happening today is taking the same terms for retirement and extending them to younger generations (i.e. those born between 1960 and 1973) is causing protests. The current proposed reform looks like a big deal, but the bigger deal happened in 2014 and was barely noticed (because the lawmakers were careful enough to put it far enough in the future...).

mzs 4y ago

> France's system has the working population pay for the pension on the retirees, as a social security tax. With the retirement age around 62-65, with the lifespan increasing, and with the Baby Boomers retiring, it isn't a sustainable system. It can be sustainable, even at comprable rates, especially with fewer younger workers if wages are allowed to increase to meet labor demand.

holoduke 4y ago

Who says its not a sustainable system? That is really just a popular assumption. The system is working well at this point with enough headroom. Lobbygroups from the EU and large institutions are pledging for this change. There is not enough workforce according to them. Their profits are endangered. Nobody from those entities are looking at the well being of the citizens.

nonethewiser 4y ago
> Who says its not a sustainable system? The fact that it’s running out of money
- rcMgD2BwE72F 4y ago
  It does not.

nonethewiser 4y ago

Good. Seems they’re going to have to confront the failure of the system. Better than digging a deeper hole.

rcMgD2BwE72F 4y ago
Parent comment is just wrong. The COR (Conseil d'Orientation des Retraites, meaning advisory board on retirement to the French Prime Minister) says this clearly: the current system is sustainable and does not need to be reformed. https://www.cor-retraites.fr/node/595 https://www.cor-retraites.fr/node/595. Or in video here: https://www.youtube.com/watch?v=GsL1wT8jxVU https://www.youtube.com/watch?v=GsL1wT8jxVU (subs auto-translated to English are available).

deleted 4y ago

[deleted]

deleted 4y ago

[deleted]