the essential reform of the next five-year term

DECRYPTION – If they differ on the age measures, the candidates agree to revalue the small pensions. But it will be necessary to finance the promises.

Whoever the next president is, he will have to tackle the explosive subject of pensions. Weighing 327.9 billion euros, or 13.5% of GDP, they represent the largest item of public expenditure. Despite major reforms undertaken in 1993 (Balladur), 2003 (Fillon), 2010 (Woerth) and 2014 (Touraine), the pension system, which showed a deficit of 18 billion euros in 2020, “is expected to remain permanently in deficit“, Estimates the Court of Auditors. Even Emmanuel Macron recognizes this, he who in 2017 judged the measures “parametric” (on unnecessary) means and defended a reform “systemic” (on the bottom) unifying the 42 schemes into one grand universal point scheme. “Unlike when I was elected and when the Pensions Orientation Council wrote that there was no problem with funding pensions, there is now a problem with funding“, he admitted during his interview on TF1-LCI, the 15 last December.

Pension reform is…

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