HomeEconomyHow Elisabeth Borne wants to facilitate 'phased retirement' for older people

How Elisabeth Borne wants to facilitate ‘phased retirement’ for older people

To keep the elderly in employment, the Prime Minister evokes in France Inter a device that combines part-time and partial pension.

In its pension system reform presented this Tuesday, the Government has placed the employment of the elderly as a priority. To improve their employability, the text proposes in particular a “upper indices” which will be published for all companies with more than 1,000 employees starting this year and 300 employees starting in 2024.

It will allow “promoting good practices and denouncing bad ones”. Failure to publish may result in penalties.

“There are training issues for seniors, about the quality of life at work, there is the reflection that can be done, especially when you are a large company, about the development of professional trajectories”, continues the Prime Minister.

Avoiding a “Sudden Break”

To go further, the Government also intends to facilitate the “gradual retirement” of this population with a device that combines part-time and partial retirement.

And to continue: “When you retire, your retirement will be recalculated so that we can take into account any additional quarters that you may have acquired part-time.” These people will have “part of their retirement while they continue to work part-time and we will be able to recalculate their retirement when they actually retire,” he continues.

It should be remembered that in 2021, 56% of people aged 55 to 64 are employed (compared to 60.5% at the European Union level) and 59.7% in activity (employment, RSA, unemployment benefits) , that is, one more point compared to 2020. France thus ranks 16th among the 27 countries of the Union according to the latest DARES figures.

And if the trend is improving, from the age of 60, “the employment rate is in sharp decline” with 35.5% and 20% from the age of 64. The employment rate of 60-64 years is also well below the European average (-10.9 points).

Author: Olivier Chicheportiche
Source: BFM TV

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