France is bracing for nationwide public sector strikes on Dec. 5 against Preside...
PARIS - France is bracing for nationwide public sector strikes on Dec. 5 against President Emmanuel Macron’s drive to overhaul the country’s unwieldy and costly pension system.
Currently pension benefits are based on a worker’s 25 highest earning years in the private sector and the last six months in the public sector. Macron says the French are going to have to work longer, but is shying away from simply raising the retirement age. Unions also worry they will lose their say on contributions and benefits under a centrally managed points-based system.
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