The government wants a unified, point-based system; but it also wants the French to work longer. Mr. Macron does not want to change the legal retirement age or the system’s redistributive nature. But Mr. Macron also wants to put the system on firmer financial footing. The government wants to set that limit, called the “pivot age” or “age of equilibrium,” at 64. Prime Minister Édouard Philippe said last week that “we must, to preserve our pensions system, work a bit longer,” mainly because of increasing life expectancies.

Source: New York Times December 17, 2019 11:29 UTC