French President, Nicolas Sarkozy was elected with the mandate to bring change to the French labor laws. He told his countrymen what he was going to do to make France more competitive with other countries in the World. Among these things was a longer work week, the ability to fire newly hired employees if they were not "up to snuff" and the dissolution of "special pensions". The French signaled they were ready to change when they swept him into office by a wide margin. Now it seems that some French Unions are saying, "Ralentir (Not so fast)".
At issue are the "special pensions" enjoyed by some, but not all public sector workers. Currently, those working in jobs with these "special pensions" are able to retire at full benefits at the age of 50. President Sarkozy is pushing for a new retirement age for these workers of 52.5 years. This will bring their retirement age closer to that of the rest of the State workers. To put this in perspective, the retirement age for the US military can be as low as 37 with a 50% pension or 47 with a 75% pension. 20 and 30 year retirements are also offered in any federal law enforcement job. These are people with high-stress jobs where they put their lives on the line ... not rail workers and opera singers and actors like in France.
The good news is that most of the French populace is backing Sarkozy on this and 80% think that Sarkozy will stick to his guns and force the Union to capitulate. I hope he does, it will be good for the French people, and that is what they voted for during the last election.
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