Pension reform is “
indispensable
”, President Emmanuel Macron said on Saturday, saying that “
working longer
” is “
the only lever
” to face the “
massive financing needs
” which put “
the pay-as-you-go system in danger
” .
.
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"
We must make this reform
", he declared on TF1, because "
if we do not do it, we leave the pay-as-you-go pension system in danger
".
"
All the serious studies show it: the financing needs are massive and will continue to increase in the coming years
", he insisted, "
so the only lever we have is to work longer
" .
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The head of state had defended during the presidential campaign a postponement of the legal age from 62 to 65, before mentioning once re-elected a decline to 64, coupled with an increase in the contribution period.
A measure justified by the prospect of a lasting return to deficits, which would exceed 12 billion euros at the end of the five-year term, and by its refusal in principle to increase contributions or trim pensions for retirees.
“
It is an essential reform, but it must be both effective, to save the pay-as-you-go system, and it must be fair
”, he defended, calling on unions and employers “
to enrich it (and) to amend it
” within the framework of the “
negotiation
” in progress with the government.
Without revealing the final arbitrations of the executive, which Prime Minister Élisabeth Borne will present around December 15, the President of the Republic nevertheless underlined that "
when we compare France with all its neighbors, we have a margin, because 'we are not the country with the longest legal age or contribution period
'.