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Pensions: this deficit that is being hidden from us

by Harris GrayMay 27, 2022


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INVESTIGATION. The idea, so widespread, that the pension system will mechanically return to financial equilibrium in the mid-2030s does not hold water.

Retreats: this deficit that is hidden from us
Pensions: this deficit that is being hidden from us




By Marc Vignaud

Published on 05/27/2022 at 08:00

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Lthe battle of pensions promises to animate Emmanuel Macron’s second five-year term. The president wants to raise the legal starting age to 64, or even 65
after 2030. Jean-Luc Mélenchon, on the contrary, is campaigning on the return of retirement at the age of 60
, with a shortening of the contribution period necessary to obtain a full-rate pension to forty annuities. Currently, almost forty-two are needed, with the Marisol Touraine reform adopted in 2014 even providing for a gradual increase in this contribution period up to forty-three years for generations born from 1973. Hence this central question, which will mark the political confrontation in the coming months: will the French pension system know, at l…


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illustration: Jean for “The Point” – THOMAS SAMSON/AFP – PASCAL LE SEGRETAIN/Getty Images via AFP

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