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Entries in Retirement Age (1)

Wednesday
Nov102010

French Retirement Reform Passes; Raises Age Two Years

Photo Courtesy - PRNewsFoto/ Sundance Channel, Getty Images(PARIS) -- After months of protests, the retirement age in France has officially been raised from 60 to 62.  On Wednesday, French President Nicolas Sarkozy signed the bill, putting the law into effect.

For two months, the French took to the streets to protest the reform, but to no avail.  Despite the public outcry, the French government pushed the measure through, saying it was needed to combat the country's rising mountain of debt.

But ripple effects will be felt.  Sarkozy's population is rock bottom just two years ahead of an election, and any talk of raising the retirement age even higher in the future would amount to pure political suicide.

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