David
06-24-2010, 03:52 PM
A new story entry has been added:
What Age for Retirement?
What Age for Retirement?
Workers around France went on strike June 24th to protest President Sarkozy's plans to raise the retirement age to 62.
France does have one of Europe's lowest retirement ages, allowing workers to retire at 60 in most sectors. The government says the reform to the money-losing pension system is essential given France's burgeoning deficit and aging population.
Union officials, however, say the French government's main concern should be boosting employment in a country where large numbers of young people and seniors can't get jobs. This would raise revenue. Furthermore, money for the pension system could come from higher taxes or charges on those who are still working, while cost-cutting in the pension system is an attack on a hard-fought way of life.
What Age for Retirement?
What Age for Retirement?
Workers around France went on strike June 24th to protest President Sarkozy's plans to raise the retirement age to 62.
France does have one of Europe's lowest retirement ages, allowing workers to retire at 60 in most sectors. The government says the reform to the money-losing pension system is essential given France's burgeoning deficit and aging population.
Union officials, however, say the French government's main concern should be boosting employment in a country where large numbers of young people and seniors can't get jobs. This would raise revenue. Furthermore, money for the pension system could come from higher taxes or charges on those who are still working, while cost-cutting in the pension system is an attack on a hard-fought way of life.