Tag: Pension Reform
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
Macron’s controversial strategy to stabilize the retirement plans' finances threatens to paralyze the economy.
The Chamber of Deputies will take until August to vote, and the Senate will need at least two months after that.