The Latest On The Fake "Socialist" Hollande And His Worthless "Socialist" Party! "President Francois Hollande will lengthen the number of years of required work to achieve a French state pension as part of an overhaul of the retirement system intended to trim the deficit. French workers will have to contribute to the system for 43 years in 2035, up from 41 years currently, Prime Minister Jean-Marc Ayrault said yesterday. Contributions by both employees and employers will rise starting next year, though the government will reduce other payroll charges in an effort to contain labor costs. “There isn’t a retirement reform on one side and economic policy on the other,” Ayrault said in televised comments from his office in Paris. “Our goal is growth. The place of work in our social model is essential. We’re going to reform charges related to family policy so that they’ll weigh less on growth. This will happen in 2014. There’ll be no increase in labor costs next year.” The pledge to reduce other charges was key to winning support from Medef, France’s biggest business lobby, and keep wages in check at a time when Hollande is struggling to revive an economy that the finance ministry expects will barely grow this year."
Posted on: Wed, 28 Aug 2013 00:26:06 +0000
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