Republican presidential hopeful outlines pension overhaul with earlier retirement age and partial capitalisation
Bruno Retailleau unveiled a pension reform plan that sets a minimum retirement age of 63 and introduces a partial capitalisation scheme for younger workers.
During an interview, Bruno Retailleau presented his vision for reforming France's pension system, proposing a minimum retirement age of 63 that would be reduced by 7% each year, while a full pension would automatically apply at 65 regardless of total contributions. He emphasized that the retirement age could be adjusted in line with life-expectancy trends and promised to hold talks with trade unions to identify professions that might be exempt due to job difficulty.
Retailleau also suggested adding a capitalisation component that would initially represent about 25-30% of pensions for young workers entering the labour market. Beyond pensions, he called for ending the 35-hour workweek and allowing companies to set appropriate hours, as well as reducing the number of civil servants over the next two terms. A recent poll gave him roughly 7% support among voters.
