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Pension Reform: A Major Risk for Hollande?

Three years ago, the ruling conservatives reformed the much vaunted state pension system, by pushing the legal retirement age from 60 to 62, prompting howls of protest from the socialists. Now, the socialists are in power and they are angling for a reform to try to salvage the cash-strapped pay-as-you-go system. And the reform is likely to resemble the one they so vividly blasted in 2010. In other words, the French will have to work longer and their pensions are likely to be less generous.Powered by Producer : France 24

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