from Balladur to Macron… A look back at 30 years of high-risk work

From 1993, pension reforms follow one another in France, there will be no less than six in twenty years, even before the project presented by the government of Elisabeth Borne on January 10, 2023.

In 1991, Michael Rocard had therefore been right in declaring about the need to reform the pension system: “There is enough to bring down five or six governments in the coming years”.

The turbulent history of pension reforms caused deep political difficulties for its initiators. Each reform will have used all possible instruments to adapt to the new economic and demographic situation: the continued deterioration of the ratio between the number of contributors and that of retirees.

In 1993, Édouard Balladur carried out one of the most important reforms. At the time, his government instituted three provisions aimed at increasing resources and limiting expenditure: 1. We went from 150 to 160 quarters of contributions, ie from 37.5 to 40 years. 2. The calculation of the pension is made from the best 25 years of career instead of 10. 3. Pensions are indexed on prices and no longer on wages.

6 out of 10 people will lose at least 9% pension on the occasion of this reform. the 2023 project, which is considered relatively hard, is actually much less so. In any case, concerning the level of pensions.

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