raising the legal retirement age to 64 instead of 65, what are the differences?

Baptiste Morin and Chloé Lagadou, edited by Gauthier Delomez

Pension reform, words that crystallize the tensions in the opposition parties and among many French people. The government must present the text on Monday, and according to the latest trends, it should propose a legal age of departure at 64 instead of 65. What are the differences between these two limitations? In reality, the executive has calculated that raising the legal retirement age to 64 would bring in 22.1 billion euros, compared to 32.8 billion at 65, a differential of 10.7 billion. euros.

In both cases, there are unpaid pensions – therefore savings – and new social security contributions collected – therefore revenues.

Take support measures into account

Also, in both cases, postponing the legal retirement age represents a gross gain. However, it is necessary to take into account the cost of the reform, such as for example the allowances paid longer to seniors who would not find a job before their retirement. Indeed, the employment rate of 60-64 year olds is less than 40%.

It is also necessary to take into account the accompanying measures, such as the minimum retirement at 1,200 euros per month and the devices of arduousness or long careers which will allow to leave before the legal age.

Parisians divided on the subject

In any case, according to recent polls, a majority of French people are against this reform project. In Paris, in the 15th arrondissement, Europe 1 met passers-by opposed to the government’s project. “We have to work more for our children and grandchildren. I still have a few years left to work, but I think I would have worked less if it hadn’t been for this reform,” says this resigned Parisian at the microphone. from Europe 1.

“For difficult professions, 65 is late,” regrets a lady met a little further. “You cannot compare the work of a factory worker and someone who is behind a desk. The problem is also that young people who study for a very long time, that moves everything. For my children, It worries me,” she says.

Another passer-by points out that it is “probably a necessity, given that people are living longer and longer, that it is necessary to make contributions for those who are retired”. “We need a reform because the system is almost at the end”, agrees a new Parisian. “There will be a day when we will have more retirees than people at work,” she says on Europe 1.