Why is the French pension age so low?

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Why is the French pension age so low?
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Protesters in France are arguing against a plan to raise the minimum retirement age from 62 to 64. It is opposed by 68% of French people but viewed from elsewhere, the change looks modest

—this time from 62 years old to 64. The proposal was unveiled by the prime minister, Elisabeth Borne, on January 10th and it is now winding its way through parliament. In France it is deeply unpopular: 68% oppose the reform. But viewed from elsewhere in Europe, it looks remarkably modest. Why is France’s pension age so low?

Most Europeans are much older than 62 when they begin to receive state-pension payouts. Britain’s pension age is 66. Germany’s is 67. France has two pension ages: a legal minimum of 62 years, at which a full pension is paid if the required number of contributions has been made, and 67 years, at which point a full pension is paid regardless. The new rules would increase the required number of annual contributions from 41 to 43.

Complex national rules on credits and exemptions mean that, in reality, many Europeans retire earlier than their country’s pension age. The average British man is 63.7 years old when he retires; the average woman is 63.2. German men retire at 63.1 on average and women at 63.2. In France the average age is lower still: men retire on average at 60.4 years and women at 60.9.

A mix of history and political culture explains France’s low retirement age. The country’s earliest pension regime was set up for the navy under the, in 1673. To this day, certain categories of workers, such as dancers at the Paris Opera or railway workers, enjoy early retirement rights based on such historical schemes. At the, the national railway, employees can retire as early as 52-55 years. Modern rules governing pensions were introduced in 1945, with the birth of the French welfare state.

Ever since then, any attempt to oblige the French to work for longer has stirred indignation and resistance. Like the 35-hour working week, the lowering of the retirement age in France has become part of: the celebration of progress towards a better society in which the burden of work is eased. In 1995 paralysing strikes greeted Jacques Chirac’s attempt to raise the pension age. In 2010 huge protests met Nicolas Sarkozy’s decision to increase the age from 60 years to 62.

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