All of France must prepare for pension reform: minister

10 Jun, 2013

All of France will have to participate in reforms to the country's pension system, a minister said on Sunday, fanning expectations that an advisory panel due to report next week could recommend a major overhaul. "Let us be clear: to save our pensions system, everyone will have to make an effort," Social Affairs Minister Marisol Touraine was quoted as telling newspaper Le Parisien on Sunday.
France is under pressure from its euro zone neighbours to deliver on promised pension reforms to boost competitiveness and cut spending, with the European Commission urging it to balance the system's books no later than 2020. While French President Francois Hollande has accused Brussels of trying to dictate details of the reform, he has also told the French they must expect to work longer - just a year after he put the retirement age back to 60 from 62 for physically demanding jobs. Touraine said it was fair that people should have to work longer as they lived longer. She said public sector employees would also have to contribute.

Read Comments