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French cabinet adopts pension reform draft bill

07-14-2010 09:15 BJT

PARIS, July 13 (Xinhua) -- The French government on Tuesday adopted the pension reform draft bill and agreed to prolong the French people's retirement age to 62 in 2018.

At the ministerial session, Labor Minister Eric Woerth, the conductor of the reform, presented the draft bill to the cabinet for final examination.

After this, the draft bill would face scrutiny of the National Assembly, the lower house of French parliament, in September.

The bill mainly includes four guidelines: prolong the activity time in a progressive and fair way, narrow down differences between various retirement schemes in different sectors, ameliorate the overall retirement system and reinforce the French people's understanding of the retirement scales.

According to the text, the retirement age that can get a full pension would be prolonged by two years gradually in private sectors; besides, the government would promote senior-friendly employment circumstance, which favors for people aged above 55.

Furthermore, public employees would see a higher contribution rate of 10.55 percent, paralleling with the present level of the private employees.

French President Nicolas Sarkozy has voiced firm support to the reform at a live television interview, expecting the approval of the bill at the end of October.

In order to fully devote to the uphill reform, which witnessed strong protest from the opposition Socialist, and to be cleared from the recent political scandal, Woerth announced early in the day that he will quit from the post as the treasurer of the ruling UMP party in July end.

Editor:Jin Lin |Source: Xinhua

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