France’s heated debate over pensions ----------------------------------------- President Emmanuel Macron’s controversial pension reforms aim to streamline benefits and address inequality in France’s pension system. Unions have responded with crippling nationwide strikes ----------------------------------------- Macron: Wants to replace 42 state pension regimes with single points-based system Pension spending (cost as percentage of GDP) Greece 17.8% Retirement age: 67 years Italy 16.5% 67 France 15.0% 62 Portugal 14.9% 66 EU-28 12.8% - Spain 12.6% 65 Poland 11.8% 65 Germany 11.8% 65.6 UK 11.4% 65 Norway 10.2% 62 Ireland 5.5% 66 ----------------------------------------- €343 billion Cost of French state pensions under existing system ----------------------------------------- €1,400: Current average monthly state pension €1,000: Proposed minimum monthly pension for those who have worked full career ----------------------------------------- Points-based system: Each day worked earns points for worker’s future pension benefits ----------------------------------------- Retirement age: Mandatory minimum retirement age of 62 – Macron wants fixed new retirement age of 64 ----------------------------------------- Concessions: Reforms will not affect anyone born before 1975 and apply in full to people entering labour market after 2022 ----------------------------------------- Sources: Eurostat, Associated Press, France24 Pictures: Getty Images © GRAPHIC NEWS