Postponing the retirement age does not penalize seniors more

Barthélémy Philippe, edited by Laura Laplaud

The pension reform bill will be presented this Tuesday afternoon by Élisabeth Borne with the announcement of a postponement of the retirement age from 62 to 64 years old. A “nonsense” for its opponents who hammer an argument: today, at 55, seniors are pushed out by companies. However, things are changing.

This is the big day for pension reform. This Tuesday afternoon, Elisabeth Borne will present in detail the government’s plan to postpone the legal age of departure, probably from 62 to 64 years old. An absurd decision according to the opponents of the reform since there would be no work for seniors. The proof, they say, is that the employment rate for 55-64 year olds is 56% lower than the European average. Except that recent history belies this version.

More than half of 55-64 year olds work

In 2010, Nicolas Sarkozy had postponed the retirement age from 60 to 62 years. INSEE took stock, a few years later… And the Institute is formal, the employment rate for seniors has increased sharply. Today, more than half of 55-64 year olds work, whereas they were just over 40% in 2010.

But beware, according to economist Éric Heyer, postponing the age also presents risks. “The positive side, the employment rate of seniors will increase mechanically but the unemployment rate will also increase. This polarizes the situation a little with people who were already in employment, who will stay there longer and people who were not there and who will not return.”

“We will have to take additional measures”

“If we want this reform to bear fruit, we will have to take additional measures. We must change the behavior of companies which quickly separate from their employees as soon as they are 55 years old”, he adds to the micro d’Europe 1. The government is considering the creation of a senior index with penalties for recalcitrant companies.