Friday 23 March
Powered by Ajaxy
Dec 6, 2017 @ 11:39

French pensioners have longest retirement, study shows


By Gabriel BOUROVITCH / Agence France-Presse

French pensioners enjoy the longest retirement in the developed world and also have some of the highest revenues, a study by the OECD economic think tank showed Tuesday.

On average, French workers stop working at 60.2 years compared with 64.4 years for their counterparts in other industrialised nations.

The study by the Paris-based OECD showed that French over-65s also had higher income than people of working age, with the group enjoying revenues equivalent to 103.4 percent of the national average.

France has one of the lowest rates of poverty among the over-65s at 3.6 percent, just behind Denmark at 3.2 percent and far ahead of South Korea which has one of the highest rates of poverty at 45.7 percent, the study showed.

The OECD report titled “Pensions at a Glance” looks at policies and outcomes in its 35 members, which are the industrialised democracies around the world.

French pensioners may be the envy of the world currently but under reforms introduced by the last Socialist government workers will soon have to work for longer.

To qualify for a full pension in 2035, they will have to have spent 43 years in work, which will eventually take the average retirement age to 64. (AFP)

Tags: , , , , , , , , ,

Related Stories
President Rodrigo Duterte called former Information and Communications Secretary Rodolfo Salalima a liar for claiming
US President Donald Trump spoke out defiantly Friday in the face of global criticism of
Telco giant PLDT Inc. has agreed to collaborate with several global large telecommunications firms to
South Korean cosmetics brands, wildly successful at home and across Asia, now have their eye


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.