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The retirement system in France


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I find the news regarding this fascinating:

A large rally was scheduled for central Paris in the afternoon as demonstrators stepped up protests against a government proposal to raise the national retirement age from 60 to 62.

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and in this country they talk about raising the SSRA from age 67.

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...About 1.1 million people have demonstrated across the country, French media quoted police as saying. Unions put the figure at 3.5 million nationwide as the rolling strike goes on for more than a week now.

Students from high schools have been skipping classes to join the strikes. Some students told CNN in Paris that they are worried they won't be able to get jobs if the current generation hangs onto jobs for an extra two years.

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I must have been out of it in when I was in high school. I never would have thought about skipping school to strike because I might not be able to find a job. looked it up, unemployment there around 10%

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Apparently, the strikers/rioters are bad at math.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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Guest bobolink

You may not have cared about employment rates, but surely you recall the delight of an unscheduled day off in early fall ...

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Guest Sieve

In France, I believe that by law jobs are for life--except jobs for youngsters (under 18 or 21?). It's not the old-timers who are rioting--it's the kids, who have grave concerns that older people will hold on to their lifetime jobs longer, to the detriment of those who are un- or under-employed.

French society is interesting (strange?) . . .

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There's no way out of here

When you come in

You're in for good

There was no promise made

The part you played

The chance you took

There are no boundaries set

The time and yet

You waste it still

So it slips through your hands

Like grains of sand

You watch it go

There's no time to be lost

You'll pay the cost

So get it right

There's no way out of here

When you come in

You're in for good

There never was there an answer

There an answer

Not without listening

Without seeing

There are no answers here

When you look out

You don't see in

There was no promise made

The part you played

The chance you took

There's no way out of here

When you come in

You're in for good

There never was there an answer

There an answer

Not without listening

Without seeing

There's no way out of here

When you come in

You're in for good

There was no promise made

The part you played

The chance you took

There's no way out of here

When you come in

You're in for good

There's no way out of here

When you come in

You're in for good

There are no answers here

When you look out

You don't see in

There's no way out of here

When you come in

You're in for good

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