Pension reform: The most modest will be “the least affected” by the shift in age, assures Elisabeth Borne

Pension reform: The most modest will be “the least affected” by the shift in age, assures Elisabeth Borne

The most humble French will be “least affected” by the government reform’s proposal to raise the retirement age to 64, Prime Minister Elisabeth Borne argued on Saturday.

A “fair” reform. Speaking on France Inter this Saturday, Elisabeth Borne wanted to explain that she believes the pension reform presented this week will save the humblest of workers.

“I cannot allow it to be said that this reform would disadvantage humble people. On the contrary,” said the head of government, who wanted to “convince” the project to “rescue” the pay-as-you-go pension system.

“These humble people are the least asked to change their starting age,” she added. They are also “most affected” by the revaluation of small pensions to 1,200 euros.

“Those whose working hours are least increasing are the first two deciles (of the lowest income, editor’s note) and somewhat the third decile,” explained Elisabeth Borne. “The poorest 20% of the French are the ones who will be least asked to work longer hours.” “The wealthiest 50% of the French will have the most time to postpone the entry age,” she continued.

Mobilization day planned for January 19th

INSEE is used to dividing the standard of living of households into 10 groups, the “deciles”. For example, the standard of living of the poorest 10% (first decile) in 2019 was below €11,660 per year, while the standard of living of the richest 10% (9th decile) was above €39,930 per year.

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The government’s plan aims to gradually raise the retirement age to 64 instead of the current 62, while accelerating the lengthening of the contribution period.

The major unions, unanimously opposed to this reform, announced a first day of strikes and demonstrations for January 19. The entire left called to join the mobilization. Polls also show that the French are overwhelmingly opposed to the reform.