Opponents of pension reform break into company building in Paris

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“Money is needed to fund our pension system. There are some here,” a spokesman for the railway workers’ union CGT Cheminots shouted into the megaphone of the newspaper “Le Parisien”. “Instead of taking two years off workers’ lives, Macron should look for it here.” asset manager Blackrock, who declined to comment when asked, is present at the property.

During Macron’s first term, Blackrock had become something of an enemy during the strikes and protests against the pension reforms planned at the time – opponents of the reform believed the asset manager had benefited from and influenced Macron’s reform plans. Blackrock denied this. Blackrock has played no part in the current protests against pension reform.

Macron and the middle management want to raise the retirement age incrementally from 62 to 64 to avoid a hole in the pension fund. The trade unions and large parts of the opposition reject the reform now adopted as unfair. The project will be examined by the Constitutional Council for its constitutionality. A decision should be made by the end of next week. Macron wants the reform to be implemented by the end of the year.

The retirement age in France is currently 62 years. In fact, retirement starts later on average: those who have not paid in long enough to receive a full pension continue to work longer. At the age of 67, there will then be a pension without deductions, regardless of how long it has been paid in – the government wants to maintain this, even if the number of years of contribution for a full pension increases faster. She wants to increase the monthly minimum pension to around 1,200 euros.

(SDA)

Source: Blick