The French Government proposes freezing the highest pensions to contain the deficit
The French Executive froze the pension reform at the beginning of the year, which was supposed to delay the minimum retirement age from 62 to 64.
France's government is considering measures to curb pension spending, including freezing or limiting increases to high pensions, to help reduce the country's public deficit. The economy minister, Roland Lescure, suggested that wealthier pensioners could contribute to the country's recovery by accepting more moderate pension increases.
Experts estimate that indexing pensions to half of the inflation rate for those earning over €2,000-€3,000 could raise €700-€1,500 million. France's public deficit is expected to be 5% this year and 5.1% in 2025, and the government aims to reduce it to 3% by 2029. The country's pension bill already accounts for 58% of annual public spending.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
