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French Pension System Faces Mounting Deficits and Inequities, Cour des Comptes Warns

A new report highlights fiscal challenges and systemic inequities, urging comprehensive reforms inspired by European models.

Selon Pierre Moscovici, plusieurs leviers pourraient être mobilisés pour améliorer le financement actuel du système de retraite.
Dans un nouveau rapport, la Cour des comptes souligne les efforts à faire pour améliorer l’emploi des seniors.
François Bayrou, confronté au problème de l'âge de la retraite.
Devant l’entrée de la Cour des comptes à Paris, le 15 juillet 2024.

Overview

  • The Cour des Comptes' second report predicts pension deficits will grow from €6.6 billion in 2025 to €30 billion by 2045 without intervention.
  • The report critiques the current inflation-based pension indexation, advocating for salary-based adjustments to improve intergenerational equity.
  • Significant inequities are identified, with delayed retirement disproportionately affecting workers in poor health, women, and lower-income groups.
  • Comparative analysis with European systems suggests dynamic retirement ages and automatic adjustment mechanisms to ensure long-term sustainability.
  • Calls for structural reform intensify as remaining social partners continue negotiations, despite earlier withdrawals by key unions and organizations.