September 18, 2007

CONTRACT KILLER:

Sarkozy takes first steps toward curtailing special pension regime (Doreen Carvajal and Nicola Clark, September 18, 2007, IHT)

President Nicolas Sarkozy took the first perilous steps Tuesday to rein in generous early retirement benefits of powerful unionized workers with a speech demanding "a new social contract" that could raise their retirement age to 65 from as low as 50. [...]

Sarkozy's first steps are considered a prelude to broader changes in a pension system for all workers with an official retirement age of 60, among the lowest in Europe.

His actions could herald turmoil on France's train tracks since the last government attempt to raise the retirement age for train workers brought a successful three-week transit strike in 1995.

Posted by Orrin Judd at September 18, 2007 8:10 PM
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