March 27, 2023
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French PM offers to tweak pension overhaul for conservatives backing

PARIS — French Prime Minister  (PM) Elisabeth Borne provided on Sunday to soften a deliberate pension overhaul to let some individuals who began work early additionally retire early so as to win conservatives assist for the reform in parliament.

President Emmanuel Macron’s authorities needs to elevate the retirement age two years to 64 and prolong the interval staff have to pay in as a part of a reform it says is critical to maintain the system out of the crimson within the coming years.

Since his occasion misplaced its majority final yr, the federal government wants votes from the conservative Les Republicans to cross the unpopular reform in parliament.

Whereas staff who began to work earlier than 20 could be allowed to proceed to depart the workforce early below the reform, Borne mentioned she was open to options from conservatives to extending the measure.

“We are going to move by extending the measure for long careers to those who started working at 20 and 21. They will be able to retire at 63,” Ms. Borne mentioned in an interview with Le Journal du Dimanche Sunday newspaper.

She added that the transfer would have an effect on up to 30,000 individuals and price up to 1 billion euros ($1.1 billion) per yr, which meant {that a} supply of financing would wish to be discovered.

Her authorities has confronted two days of nationwide strikes since presenting the reform on Jan. 10 with unions planning one other on Tuesday. — Reuters

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