Pensions: political risk of an unbalanced reform

Beyond a social conflagration, pension reform threatens to worsen the discomfort of part of the assets. With the risk of amplifying their switch to the next elections.

by Ivanne Trippenbach

This is the elephant in the middle of the room. Ministers, deputies, advisers and small hands of the presidential party admit Mezza Voce: the pension reform may have been presented as “just” and “balanced”, it will not weigh on the French in the same way. Also, the aftermath of its presentation, Tuesday, January 10, the members of the majority are almost surprised by a soft entry into the atmosphere. “It comes out straight,” it’s said to Matignon, while fearing the spark that would ignite the country. Haunted by the great strikes of 1995, power is concerned about a social explosion and the blocking of refineries, more than the mobilization of January 19.

Another risk, more deaf. “Opinion can be a delayed blade,” said Olivier Véran, the government spokesperson. Invisible but real anger, fed on doubts about the distribution of effort. At the executive office of the presidential party, Renaissance, Bruno Le Maire and Olivier Dussopt exhibited, Monday, January 9, the government project before around thirty participants, before a friendly aperitif and its more relaxed conversations. “This reform is good for our electorate”, agree with three majority officials. Understand: painless for executives, retirees and employers.

The Minister of Labor gives an illustration, despite himself, the next day. In charge of the after-sales service of the reform, Olivier Dussopt responds on BFM-TV to French, including a forty-year-old who started working at 25, who will receive a full retreat at 66 years old. “It will not change your situation,” says the minister. Concerned with precision, he adds that the interested party undergoes today a “big discount” if he retires at 62, before having contributed his forty-three annuities. “Tomorrow, he praises, (…) You can leave at 64, but there will be a less important discount”. “Very good”, says the white collar.

“sacrificial reform”

This imbalance has been identified within the government. Similarly, a minister notes that retirees have, on average, income higher than those of assets, but is publicly sticks to the line formulated by Elisabeth Borne: “Our project is to act for current retirees and for Their purchasing power. “Marie Lebec, a Renaissance deputy of the Yvelines, recognizes without wounding that this” sacrificial reform “is based first on the French of the middle and intermediate classes, which will have to work two more years. “There is an aberration in the system,” admits the elected official from the right, familiar with the circles of senior senior executives who, at 55, sometimes play elbows to benefit from a starting plan, a period of unemployment and pre -retirement, before sitting on boards of directors … In short, which optimize the rule. “Nothing illegal, but it costs expensive and at a certain level, it’s indecent”, she points out.

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/Media reports cited above.