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Sarkozy stands firm on pension reform despite unions' refusal

09-04-2010 08:33 BJT

PARIS, Sept. 3 (Xinhua) -- French President Nicolas Sarkozy said on Friday he is keen to set on the ground pension reforms which will rise retirement age despite threats of labor unions of staging nationwide strikes.

"There are ten percent of French retired people whose pensions are financed by borrowing because there is no money ... I will not be the president who let this situation as it is," Sarkozy said while visiting Valinox factory, a subsidiary of Vallourec Group specialized in boiler tubes for nuclear power plants.

"I will not be the president who will leave without having resolved the question of pension plans. It is clear, I am extremely determined," he stressed.

The French government adopted the pension reform draft bill and agreed to raise the French people's retirement age to 62. The bill will be presented this month in the National Assembly, the lower house of French parliament.

The pension reform plan includes main 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.

"I want all those who work can say when I go to retirement, my pension will be paid. Every French citizen should think carefully on his interest," Sarkozy said.

According to the French head of State, the increase of retirement age will help insurance funds to generate 28 billion euros (36 billion U.S. dollars) to pay pensions.

French unions which refused to work more and pay further for their retirement, called for nationwide strike in Sept. 7 and urged people to walk out to streets to express their opposition to the pension system reform plan proposed by the government.


Editor:Zhang Pengfei |Source: Xinhua

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