French President Macron's contentious pension reform, which raises the minimum retirement age by two years to 64, has roiled the nation. Opposition lawmakers have threatened a no-confidence vote. Here are key things to know about the controversy.
The pension law, which raises the minimum retirement age by two years to 64, has roiled the European nation. Macron has insisted that the age hike is necessary to guarantee the survival of France’s generous pension system, but millions have taken to the streets, while strikes shut down schools and public transit andNow, its passage — via a constitutional power that allows the executive to force bills through the National Assembly — has strengthened public fury.
Macron said that the hike is needed to reflect changing demographics. For instance, life expectancy in France has increased by about three years in the past two decades. If the retirement age were to remain fixed at 62, there will only be 1.2 taxpaying workers to support each retiree in 2070, down from 1.7 in 2020,
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