Retirement: how are our European neighbors doing to save their system?

There is still a long way to go to find a consensus on the pivotal retirement age in France. While the debates continue in the National Assembly, the mobilization continues in the street with a fifth day of mobilization before a hardening planned by the unions.

If Elisabeth Borne accepts the discussion of certain points for others, it’s no! The Prime Minister still plans to shift the legal retirement age to 64 in 2030 and to accelerate the extension of the contribution period to 43 from 2027. However, if we zoom in on some of our European neighbours, the French system appears to be more generous. But what exactly is it?

Indeed, in some countries like Spain the reform has already been implemented, but the amount of benefits is still under debate in a country very strongly affected by inflation. The Spanish government is obliged to act so as not to see part of the country sink into poverty. The left-wing government of Pedro Sánchez has also enshrined indexation to inflation into law after several years of loss of purchasing power under his predecessor. The government now wants to convince unions and parliamentary groups to take into account 28 years, instead of 25 today, in the calculation of pensions. In the case of France, the problem could also arise once the law has been passed.

Thanks to the reporters from Le Figaro, Planet takes stock of 5 countries that are also working on pension reform.