HomeEconomyThe pension monitoring commission asks for "an answer" to the deficits

The pension monitoring commission asks for “an answer” to the deficits

The pension monitoring committee considers that the risk of deficit is high in the future but does not rule on any age measure to balance the accounts.

The French pension system presents a “risk” of “significant” deficits in the future, estimates the Pensions Supervisory Committee (CSR) in an opinion published on Thursday, which calls for “finding an answer” without taking sides for a measure of age.

However, a possible increase in the legal age or the contribution period could be justified “presenting it as the price to pay” in order not to increase contributions or “reduce the standard of living” of pensioners, or as a means of “redeploying budget resources” towards “other economic and social needs”, suggests the CSR.

>> More information to come on BFM Business in a few moments. Also watch BFM Business live on video and follow us On twitter.

Author: Frederic Bianchi with AFP
Source: BFM TV

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