Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • Sections
  • News

France to raise retirement age to 64

Open-access content Tuesday 17th January 2023 — updated 10.57am, Wednesday 18th January 2023
web_Mature-man-reading-newspaper-Paris_credit_iStock-541137440.jpg

In a major reform to the pension system, the French government is proposing to raise the legal retirement age by two years to 64 by 2030.

The move, which was one of President Emmanuel Macron’s key pledges when he was first elected in 2017, will see the retirement age raised gradually by three months each year, starting in September. By 2027 it will hit 63 years and three months, with the target age of 64 being reached in 2030.

Under proposals unveiled by prime minister Elisabeth Borne, a full pension from 2027 will require people to work for 43 years instead of the current 42 years. The government is also suggesting a guaranteed minimum pension income of not less than 85% of the net minimum wage, which is around €1,200 or £1,060 a month at current levels for new retirees.

Police officers, prison guards, air traffic controllers and other public workers in physically or mentally arduous jobs will retain the right to retire early. The government also intends to end the ‘special regimes’ of different retirement ages and benefits for rail workers and electricity and gas workers. The reforms aim to balance the pension budget and provide gross savings of €17.7bn a year by 2030.

Image credit | iStock
Filed in
News

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Actuarial Manager

London (Central)
£100,000 - £130,000 basic + bonus and benefits
Reference
145832

Pricing Analyst

London, England
£30000 - £45000 per annum
Reference
145831

Capital Modelling Analyst

London, England
£35000 - £55000 per annum
Reference
145830
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ