July 05, 2003

The French pension reform bill has passed. Worth noting:

Besides extending working years, the measure would remove a barrier between the public sector, which enjoys special privileges, and the private sector - a taboo in the past. Public sector workers currently have to work 37.5 years to qualify for full benefits. Under the bill, they would have to work 40 years, as in the private sector, by 2008.
Posted by Greg Ransom