New deficit assessment brings French pension reform back on negotiating table

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The reform of pensions in 2023 will not be sufficient. Whatever the figures carried out by the Conseil d'Orientation des Retraites (COR) or by François Bayrou, the flash mission commissioned by the Court of Auditors foresees a significant deterioration in the financial situation of pension schemes by 2045.

France24

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New deficit assessment brings French pension reform back on negotiating table

France's independent public audit office shared its assessment of the pension system deficit with Prime Minister François Bayrou this Thursday. This is the starting point of a renegotiation of the 2023 pension reform that raised the legal retirement age from 62 to 64. Both worker and employer representatives will start discussions next week. One option on the table to reduce that deficit is to complement the existing worker and employer contribu…

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The deficit in the pension system will reach almost 15 billion euros in 2035, the Court of Auditors estimates in a report submitted this Thursday to François...

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An increase of one point in the contribution rate would bring additional revenue of between EUR 4.8 billion and EUR 7.6 billion according to the Court of Auditors' estimates.

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On Thursday, the Court of Auditors submitted its report on the pension system, revealing that the deficit in the pension system in France should be around EUR 15 billion in 2035. The President of the Pension Guidance Board said he hoped that the "unnecessary pandemic" would end on the scale of the deficit, which, according to him, undermines the "trust" of citizens. Follow the latest information. - EN DIRECT - Report on pensions: the end of an "…