Denying reality to the bitter end, and beyond
/One million (possibly two) Frenchmen protest pension reform
French President Emmanuel Macron intends to push the retirement age from 62 to 64 in an effort to keep the pension system financially viable, but unions say the change will threaten their rights.
The government says that pushing back the retirement age by two years will add 17.7 billion euros ($19.1 billion) in annual contributions, allowing the system to break even by 2027, Reuters reported.
The unions have proposed alternatives to the plan, such as taxing the wealthy or mandating more payroll contributions from employers to finance the system, but Macron continues to insist that his plan is the best way to resolve the situation.
We’re doing no better here in this country.