France Wants To Raise Its Retirement Age From 60 To 62….And The Workers Come Unglued

Posted By on September 7, 2010

So…….What’s going to happen here in the good old USA when, not if our congress gets around to this.  Hint….. judging from the french reaction,  it won’t be pretty!  

If you would like to know more about the demographic problem, just go to Categories on the left and click on Pensions and Retirement.  There is plenty to read about on the subject.

PARIS — French unions called a one-day national strike on Tuesday, setting up a transportation nightmare just as parliament began a debate on a measure that would raise the minimum retirement age from 60 to 62.

President Nicolas Sarkozy has called the pension legislation the last major legislation of his first term and vowed that the government will not bend on the essentials of the bill, which is intended to avoid large and growing deficits in the pension system as people live longer and baby boomers start to reach retirement age.

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