“When the left defended funded retirement”

“When the left defended funded retirement”
“When the left defended funded retirement”

CHRONIC– The demographic turnaround requires the introduction of a share of capitalization in the retirement system. Such a reform seems taboo today. However, it was a fight for the Socialist Party.

Retirees will contribute their share to the vast public accounts recovery program concocted by Michel Barnier. The six-month freezing of their pension should generate 3.7 billion euros in savings in 2025. A substantial effort, which will have the merit of preparing those concerned for future developments. Demographic imbalances will indeed cause a collapse of pensions within 25 years. Assuming a stabilization of the share of pensions in gross domestic product (GDP) at the current level of 14%, the relative amount of pensions would fall on average by 7% between 2020 and 2030. The fall would then accelerate : between 2020 and 2040, they would lose 10%. And by 2055, 40%, according to the calculations of the economists at the Chair demographic transitions, economic transitions.

The future fate of the poorest retirees should be of great concern to politicians. However, in the National Assembly, the treatment…

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