French President Proceeds with Plans to Partially Repeal Pension Reform
25 May 2012 (PLANSPONSOREurope.com) - France’s new President is to proceed with plans to partially repeal pension rules passed by his predecessor Nicolas Sarkozy.
The Guardian reports Francois Hollande’s new Prime Minister, Jean-Marc Ayrault, said he hoped the decree, allowing those who have worked for 41 years to be allowed to retire at 60, would be presented within three weeks. He added he would be consulting trade unions and business leaders to establish ''their view of social democracy''.
Reversing the previous government's controversial pension law, which increased the national pension age to 62, was one of Hollande's main election promises. The reform will be implemented by presidential decree, bypassing the French parliament.