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French president Francois Hollande cuts retirement age
UK Telegraph ^ | June 6, 2012 | Emma Rowley

Posted on 06/06/2012 11:52:25 AM PDT by rightwingintelligentsia

Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting on Wednesday.

The decision follows pre-election promises from the new president Francois Hollande to reverse the rise in the retirement age introduced by his predecessor Nicolas Sarkozy in 2010.

“We committed to put this measure in place quickly for social justice for those who started working early,” said Social Affairs Minister Marisol Touraine.

The reforms will cost the state billions of euros a year but can be afforded through higher worker and employer contributions, according to the government.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: france; hollande; retirement

1 posted on 06/06/2012 11:52:36 AM PDT by rightwingintelligentsia
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To: rightwingintelligentsia

but can be afforded through higher worker and employer contributions
___________________________________________________________

T A X E S


2 posted on 06/06/2012 11:55:45 AM PDT by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: rightwingintelligentsia
social justice

How come social justice always involves someone getting the fruit of another's labor?

3 posted on 06/06/2012 11:55:47 AM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: rightwingintelligentsia
those who started working early,

18 is starting work early? I got my first pay envelope and paid my first SS taxes at age 11.

I bought a HW-101 from Heathkit with those pennies I earned that summer. And spent the entire winter putting it together and troubleshooting it.

/johnny

4 posted on 06/06/2012 11:57:18 AM PDT by JRandomFreeper (Gone Galt)
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To: LucianOfSamasota
Otherwise it would just be justice right? Social justice implies there's a role for redistribution in there.
5 posted on 06/06/2012 11:57:48 AM PDT by MetaThought
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To: rightwingintelligentsia

Just expansion of the Asylum of our Era.


6 posted on 06/06/2012 12:00:00 PM PDT by veracious
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To: rightwingintelligentsia

I know whether to laugh or cry.

I’m laughing.


7 posted on 06/06/2012 12:00:16 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: rightwingintelligentsia

Wwweeeeeeeee more free stuff,!!!!!!!


8 posted on 06/06/2012 12:01:06 PM PDT by Kozak (The means of defence against foreign danger, have been always the instruments of tyranny at home JM)
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To: rightwingintelligentsia

——The reforms will cost the state billions of euros a year——

Gee, the poor state’s going to have to get a second job.


9 posted on 06/06/2012 12:03:49 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: St_Thomas_Aquinas

LOL, nice.


10 posted on 06/06/2012 12:05:49 PM PDT by agere_contra
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To: rightwingintelligentsia

France is going to spend its way out of debt. :)


11 posted on 06/06/2012 12:07:17 PM PDT by Tzimisce (THIS SUCKS)
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To: rightwingintelligentsia

LOL, that oughta stabilize European markets.


12 posted on 06/06/2012 12:09:01 PM PDT by jwalsh07 (.)
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To: rightwingintelligentsia

Hell, cut it to 30.


13 posted on 06/06/2012 12:10:56 PM PDT by fieldmarshaldj (If you like lying Socialist dirtbags, you'll love Slick Willard)
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To: St_Thomas_Aquinas

“——The reforms will cost the state billions of euros a year——”

####

My a$$.

The utter fiscal insanity will cost productive, private sector taxpayers billions of euros a year.


14 posted on 06/06/2012 12:11:57 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: rightwingintelligentsia

Gee, Obama voters in La Belle France!


15 posted on 06/06/2012 12:17:07 PM PDT by RexBeach (Mr. Obama Can't Count.)
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To: EyeGuy

-—My a$$.-—

Drives me nuts. Stupid media.


16 posted on 06/06/2012 12:19:41 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: LucianOfSamasota
How come social justice always involves someone getting the fruit of another's labor?

Because even the phrases liberals use are lies...

17 posted on 06/06/2012 12:21:54 PM PDT by GOPJ (Take your little hammer, little sickle and your scary red signs with a fist on it, and go home...)
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To: St_Thomas_Aquinas

I agree. Laughing at the French is always a roaring good time.


18 posted on 06/06/2012 12:28:54 PM PDT by Poser (Cogito ergo Spam - I think, therefore I ham)
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To: rightwingintelligentsia
Francois Hollande to reverse the rise in the retirement age

Should read "Francois Hollande to reverse REALITY"

But what the hey, he gets a few more votes and France goes bankrupt a couple of years sooner.

19 posted on 06/06/2012 12:29:34 PM PDT by The Sons of Liberty (Sworn to Defend The Constitution Against ALL Enemies, Foreign and Domestic. So Help Me GOD!)
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To: rightwingintelligentsia

Sounds Greek to me............


20 posted on 06/06/2012 12:30:16 PM PDT by Red Badger (Think logically. Act normally.................)
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To: rightwingintelligentsia; Cincinna
Soon you will be able to read at night with out artificial lighting, because the power planets will have gone bankrupt, by the light of French Cities on fire.

The socialists apparently want to see their country burn, because that it want is going to happen to Greece this summer and the Lemming Hollande is right behind them.

France-one-step-closer-to-the-edge ping

21 posted on 06/06/2012 12:31:16 PM PDT by KC_Lion (I am finished with listening to empty promises of the great GOP saving me in 4 more years.)
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To: fieldmarshaldj
Hell, cut it to 30.

I have to wonder, what difference does the age of retirement make if there are very few jobs to go around? If there is a generous unemployment compensations schedule, the only difference the retirement age makes is whether you call the check you receive "unemployment benefits" or a "retirement pension."

Of course, in a healthy economy, not as burdened by heavy payments to the nonworking, there are more jobs to go around, and the retirement age does make a difference.

22 posted on 06/06/2012 12:33:26 PM PDT by Pearls Before Swine
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To: rightwingintelligentsia

The Krauts will not be pleased.


23 posted on 06/06/2012 1:08:08 PM PDT by technically right
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To: rightwingintelligentsia

One more reason for the US not to get involved in any bailout scheme for the Euro.


24 posted on 06/06/2012 1:48:29 PM PDT by Timocrat (Ingnorantia non excusat)
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To: rightwingintelligentsia

The people who voted for this clown are thrilled with this action. They and the rest of Europe deserve what they get. Unfortunately, their economic collapse could cause a global depression.


25 posted on 06/06/2012 2:06:42 PM PDT by Sharkfish ( "All that is necessary for the triumph of evil is that good men do nothing." -- Edmund Burke)
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To: Sharkfish

This will work out well. The German’s will gladly raise their retirement age and send the money to the French so they can retire early! Yes!


26 posted on 06/06/2012 2:56:02 PM PDT by Voltage
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To: rightwingintelligentsia
Q: What did the socialists use before candles?









A: Electricity.
27 posted on 06/06/2012 3:09:23 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: KC_Lion; afraidfortherepublic; mojo114; seenenuf; LucyT; Think free or die; DollyCali; ...
Thanks, KC_Lion

*** FRENCH POLITICS, CULTURE & FASHION PING LIST ***

*** FREEPMAIL ME IF YOU WANT TO JOIN  ***
French people live even longer than Americans, 80-85 years. That's a lot of years living off the state. As Sarko would say, "the coffers are empty" and nobody believed him.


28 posted on 06/06/2012 3:10:58 PM PDT by Cincinna ( *** NOBAMA 2012 ***)
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To: rightwingintelligentsia

This is asinine.

Back when FDR created Social Security, those who made it to age 65 lived on average to age 70.

Today in the U.S., people who live to age 65 will on average live to age 75.

I’m sure France is similar. People who reach age 60 are likely to live to 75.

France, and the U.S., should be raising their retirement age to 70, not lowering it to 60. The U.S. should raise Medicare eligibility to match SS eligibility. The U.S. eliminate early retirement at 62. If someone wants to retire earlier, save more money.


29 posted on 06/06/2012 3:28:22 PM PDT by magellan
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To: rightwingintelligentsia

Germany should exit the EU and the Eurozone immediately.


30 posted on 06/06/2012 3:29:57 PM PDT by magellan
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To: rightwingintelligentsia

You know what these part is.... They consider entering the workforce at 18 “early”...


31 posted on 06/07/2012 5:08:21 AM PDT by N3WBI3 (Ah, arrogance and stupidity all in the same package. How efficient of you. -- Londo Mollari)
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To: rightwingintelligentsia

You know what these part is.... They consider entering the workforce at 18 “early”...


32 posted on 06/07/2012 5:08:40 AM PDT by N3WBI3 (Ah, arrogance and stupidity all in the same package. How efficient of you. -- Londo Mollari)
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To: rightwingintelligentsia

You know what these part is.... They consider entering the workforce at 18 “early”...


33 posted on 06/07/2012 5:08:40 AM PDT by N3WBI3 (Ah, arrogance and stupidity all in the same package. How efficient of you. -- Londo Mollari)
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