Pension Reform Are Women The Big Losers From The Government's Plan

Before the text is delivered to the National Assembly, this is the latest fire that the government is attempting to put out. The Minister for Relations with Parliament, Franck Riester, himself lit the fuse on Monday, January 23, when he was questioned about whether the executive's desired pension reform would penalize women more severely than men.

He acknowledged, embarrassed, on Public Senate that "they are somewhat penalized by the postponement of the legal age, we absolutely do not disagree.". a statement that was disguised as a confession and that angered the reform bill's opponents.

Even the government eventually comes to the conclusion that delaying the legal age will harm women. For instance, Olivier Faure, the first secretary of the Socialist Party, stated on Twitter that "the more the days pass, the more everything demonstrates the injustice of this project.".

I am unable to guarantee that our project would not protect women. Elisabeth Borne responded, "On the contrary!" on Tuesday, January 24 at the National Assembly.

The Prime Minister reassured the audience, "We protect women who started their careers early, who had unsuccessful careers, who have small pensions, and so on. They will retire even later than men Under the new pension system, the change in the legal retirement age from 62 to 64 years old will in fact have a greater impact on women than it will on men.

The reform will have the effect of delaying the average effective retirement age by a couple of months, according to predictions made by the National Pension Insurance Fund that are mentioned in the government's impact study (PDF). The differences between men and women are concealed by these averages, though.

Women born in 1972, for instance, will work, on average, nine months longer than they would have in the absence of reform, compared to men, who will work an additional five months. Those born in 1980 will retire eight months after their male counterparts of the same generation, who will do so four months later.

What causes this difference? According to economist Michal Zemmour, lecturer at Panthéon-Sorbonne University, "Women are more affected by the shift in the retirement age because they are less frequently in a long career situation than men.". According to him, the reform will indeed have less of an effect on lengthy careers, with a decline "of rather a year and a half" from the current retirement age of 62.

Since women's careers tend to be more erratic, more favourable starting conditions are frequently out of reach for them. Thus, the latter will have to put in "two more years" of work.

Mothers will continue to receive extra quarters (up to 8 per child) as a result of the reform. However, for some of them, the delay in the legal drinking age will reduce the appeal of this measure.

Michal Zemmour points out that "a mother who, thanks to these provisions, could benefit from a full-rate departure at 62 will now have to leave at 64.". The revaluation of the minimum pensions included in the reform, on the other hand, will benefit women more than men. Their pensions will increase, but not significantly.

According to the impact study (PDF), 60 percent of the nearly 1.8 million policyholders who will benefit from this measure will be women. Because of this, women will see an average pension increase of 2 points 2 percent compared to 0 points 9 percent for men in the generation born in 1972.

Despite not being on a very large scale, the anticipated revaluation is real, according to Michal Zemmour. For example, despite the two-year reduction in the legal retirement age, the new retirees will only see a 53 euro increase in monthly income.

The age of cancellation of the discount, from which all retirees are guaranteed to receive a full pension, will remain set at 67 years, according to economist Michal Zemmour at Franceinfo. Elisabeth Borne stated at the National Assembly that "20 percent" of women should benefit from this.

especially those with a history of breaks in their careers. The "very few" who will gain from some measures will be in this group.

Some women will be able to retire earlier thanks to additional measures proposed by the government. When parental leave is taken into account, for instance, a person who began working before the age of 20 can validate up to four quarters of their employment under the long career scheme.

However, Michal Zemmour points out that "this measure will only affect a very, very small number of people—roughly 3,000 people.". Another number that was mentioned in the impact study.

He believes that the system will only be slightly improved by this change, which is primarily intended to save money by raising the retirement age. According to this reasoning, only men will be more impacted than women who have children.

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They will retire even later than men Under the new pension system, the change in the legal retirement age from 62 to 64 years old will in fact have a greater impact on women than it will on men.