Édouard Philippe presents his pension reform: 65 years and 45 years of contributions
The Horizons candidate unveiled his new version of the pension reform this Tuesday, proposing to increase the starting age to 65 and the contribution period to 45 years.
Quick Look
Édouard Philippe presented his pension reform proposing to gradually increase the retirement age to 65 and the contribution period to 45 years, in order to avoid a financial crisis.
AI-generated summary
Why It Matters
Édouard Philippe presented a pension reform aimed at modifying the starting age and the contribution period.
The announcement was expected. Édouard Philippe presented his pension reform this Tuesday, September 29, proposing to “gradually increase the contribution period to 45 years and the retirement age to 65 years”. He, who no longer wishes to be seen as the “67-year-old man” after the failure of the 2020 pension reform, has, in a video published on YouTube, praised the merits of this new version of a reform that he wishes to be “responsible” and “fair” to avoid a “financial crisis”.
“We are going to resume the 2023 reform which placed the legal age of departure and retirement at 64 years instead of 62 and 9 months today and which placed the contribution period at 43 years instead of 42.5 today. Then, we will continue so that in less than 10 years, we have moved to 65, for the legal age of departure, and 45 annuities,” explains the Horizons candidate for the presidential election.
This reform is “responsible for all and fair for everyone”. But “we have to make the right decisions before the (financial) crisis arrives,” argues the former prime minister in this twenty-minute video, in which he also reaffirms his desire to put in place a “capitalization component.”
Open Questions
- What will be the reaction of the unions and the opposition?
- What is the exact application schedule?
