The French Parliament on Monday will debate a pension reform intended to partially plug a funding gap in the system by asking the people to work longer.
Economists have criticized the bill for fiddling at the edges of the problem and only addressing a third of the 20-billion-euro hole. They say it puts off an extension of the number of years employees must pay into the system too far into the future and doesn’t extend that period enough. It also doesn’t touch the deals that allow workers in certain professions to retire early.
Any reform to France’s welfare state draws grumbles, and unions have promised protests this week. But the bill looks likely to pass without the massive strikes that dogged the last retirement reform.
