Tuesday, 10 November 2009
Pensions unpalatable to French Taste
It's not all that surprising that France, with its generous labour and pension laws would find itself up against a brick wall, as pension systems begin to run dry. No easy retirement to the Provence playgrounds, perhaps Brittany instead?How do they propose to get around this conundrum? Well, Mr Sarkozy favours extending minimum contribution periods for a full pension, rather than raising the standard pension age beyond 60. The contribution period is already set to rise by one year to 41 years by 2012 but should be increased still further.Bit of a culture change to all work and no play. Not easy for the French Psyche.
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