Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egyptian pound edges up slightly against dollar in early Sunday trading    Grand Egyptian Museum to boost tourism, help attract 30 million visitors by 2030: Al-Mashat    Polish investments in Egypt surpass $1.7bn, driven by green ammonia, furniture, and silo projects    Finance Ministry, MSMEDA implement ambitious plan to support entrepreneurs: Rahmy    Egypt, Russia, EU coordinate on Gaza peace implementation, Sudan crisis    Rubio sees Vance as 2028 favourite, fuelling talk of a joint ticket    Trump announces US boycott of G20 summit in South Africa over 'human rights abuses'    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    25 injured after minibus overturns on Cairo–Sokhna road    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



What we should know about France's heated debate over its pension system
Published in Ahram Online on 05 - 12 - 2019

The planned overhaul of the French pensions system aims to streamline a complicated patchwork of provisions, but workers argue it will require them to work longer and will reduce their income.
The heated debate over the changes to the retirement system are laid bare in the nationwide strike and protests taking place Thursday.
The popular discontent will test the resolve of the government of President Emmanuel Macron, who says it remains determined to pass the reform next year.
Here's a look at the planned measures, and why they are generating debate.
The Current Pension System
All French retirees receive a state pension. The average pension this year stands at 1,400 euros per month ($1,500 per month) once taxes are deducted. But that average masks differences across 42 different pension systems.
The easy bit: Employees in the private sector are part of the general pension system. They account for about 7 out of 10 workers.
The more complicated bit: many professions have a special pension scheme. Some people, like rail workers and air crews, are allowed to take early retirement. Others, like lawyers and doctors, pay less tax.
Civil servants - who number over 5 million - also have a separate pension scheme.
Over the last three decades, governments have made changes but each reform has been met with massive demonstrations. None of the changes managed to simplify the system.
Macron's Grand Plan
Macron wants to replace the current way of doing things with a unified scheme, so that all workers have the same pension rights.
He promises that would make the system simpler and fairer - and also financially sustainable in the long-term, since it is projected to be in a deficit in coming years.
Labor unions say most workers would lose money with the new system due to a change in the calculation of pensions. People who qualify for special provisions fear the loss of benefits.
The government has promised the legal retirement age of 62 won't change, but new financial conditions will encourage some people to work longer.
Macron's government said some specific measures would be maintained, such as allowing military and police officers and people with physically demanding jobs to retire early.
The changes would not apply to current pensioners.
What's Next?
The government has opened talks with unions, business associations and professional organizations.
Prime Minister Edouard Philippe is expected to provide details and make new proposals next week and plans to present the bill in parliament early next year.
The government had initially said the changes will only apply to people born after 1963, starting in 2025. But in response to union concerns, Philippe recently said the start date may be delayed to avoid a ``brutal transition.''
The government's plans will largely depend on the protests, since the strikes are expected to last for days, even weeks. Hard-left unions are calling on Macron to abandon the reform altogether.


Clic here to read the story from its source.