for pensions, “it will be complicated to take the pill”

for pensions, "it will be complicated to take the pill"

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From left to right: political scientist Jérôme Fourquet, economist Patrick Artus, Medef president Geoffroy Roux de Bézieux, and CFTC vice-president Pascale Coton in Paris on Thursday 28 April.

The issue of pensions, which was voluntarily proposed by Emanuel Macron before his re-election, is an obvious way to save money, but above all socially sensitive … except for retirees.

Geoffroy Wheels of Bezieux: The President of the Republic was right to announce the color during the presidential campaign: we should work harder, until we are 64 or 65. I always believed that the previous reform had failed because it had not been detailed during the 2007 campaign. That says it all: the President of the Republic has, in my opinion, the legitimacy to bring this construction site.

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Jerome Fourke: I would be less positive than Geoffroy Roux de Bézieux. For twenty years, the French were very reluctant to the idea of ​​extending their working life. The only population category that has gained massively with the postponement of the retirement age is the retirees, who traditionally vote for the right. The turn of part of the right-wing electorate towards Emanuel Macron is probably connected with his announcement about pensions. But it will be very difficult to pass the pill on to other voters, even if the issue of funding addiction is a real concern.

Pascal cotton: The way the subject is positioned is very annoying. Whenever there is a budget problem, we are told that we need to work harder. Employees do not want to hear it anymore. What they want is to be able to work in good conditions. They also want to correct existing inequalities. For example, is it normal for low-paid women to have to work until the age of 67 to receive a full pension? A pension-worthy pension reform must take all these aspects into account.

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GRB: A country that spends a lot needs a lot of work to fund its model. The ideal would be to increase our employment rate to bring us closer to that of Germany, but that will take time. Meanwhile, the most effective is the extension of working life.

Patrick Arthur: No savings are possible in France other than pensions. When comparing the public spending gap with Germany, we find the following: 1.5 points of GDP (GDP) for state aid to businesses, 1 point of GDP for family policy financing, 1 point of GDP for military expenditures, 0.5 points of GDP for culture. All these positions are untouched. Four points of GDP remain in pensions, which are the only room for maneuver.

JF: In all the surveys we conduct, a pattern is repeated: what guarantees that the employer will keep the employees until they are 63 or 64, since it is often the hunting of the elderly and the placard in companies?

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GRB: We need to look at what is happening in the countries of northern Europe, which have developed progressive pension systems. Employees must agree to say that the last two years will be less well paid, with fewer responsibilities than in a full career.

pc: After thirty years working in a company, asking an employee to move from an executive to an average employee is not very nice. It is very destabilizing!

GRB: From an administrative point of view, I do not see how we can keep people more in the same functions and responsibilities. Salary is another matter. Part of it can be covered by the pension system. I am talking about the hierarchical aspect and the management of positions. If everyone stays in their place forever, there is a problem.

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