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Retirement: the other solution to reduce the deficit of the system without reform

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And if the thorny pension reform was based on the employment of seniors? According to a study by the “Demographic transition, economic transition” chair, attached to Sciences Po, increasing the legal retirement age or the contribution period is not the best solution to make up for the deficit in the pension system. Moreover, “this debate” has no place”, for the economist Jean-Hervé Lorenzi and his chair.

According to experts, the employment rate of 55-64 year olds is the key to “balancing the accounts”. A 10-point increase by 2032 (from 56% to 66%) would suffice to make up for the deficit estimated at 5 billion euros in 2032, as well as the 30 billion paid by the State for the specials and civil servants’ pensions.

According to their calculations, “equilibrium could be achieved” while maintaining “current age measurements”. Either a legal retirement age of 62 and a contribution period increased to 43 by 2035. Unemployment would thus be reduced, thanks to the 325,000 additional jobs made possible by “doubling vocational training expenditure” for this tranche of income. ‘age.

On the other hand, 500,000 seniors should also be encouraged to postpone their retirement, by offering them the possibility of doubling their premium. It would go from 1.25% to 2.5% per quarter beyond a full career, “while maintaining the current discount system” which is 1.25% per missing quarter.

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