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French pensions, seems a good deal to me

  • 18-10-2010 4:02pm
    #1
    mcwhirter
    Closed Accounts Posts: 1,432 ✭✭✭


    When can you retire in France?
    Anyone can draw a full pension in France at the age of 60 so long as they have paid social security contributions for at least 40.5 years. This is set to rise to 41 in 2012. At 65 anyone can retire on the full pension even if they have not worked the full 40.5 years. In some jobs, deemed especially wearing, it is possible to retire as young as 50.

    How many pensioners?
    According to the Labour Ministry, there are some 15.5 million pensioners in France, out of a population of some 65 million. This figure is set to rise to 18 million in 2030.

    How generous are full pensions?
    Public sector workers retire on 75 percent of their final six-month salary. Private sector workers get 50 percent of their earnings in the 25 best years, plus benefits from additional schemes.

    How much do workers pay into the system?
    Civil servants have 7.85 percent of their salary deducted each month for pensions contributions versus 10.65 percent for private sector workers.


Comments

  • #2
    Fysh
    Moderators, Arts Moderators, Regional Abroad Moderators Posts: 11,106 Mod ✭✭✭✭Fysh


    Do you have a specific question you want to ask, or discussion you want to encourage?

    Don't get me wrong, it's certainly interesting to compare the benefits and drawbacks of various countries, but as it stands your post just seems to say "Wow, the French have a nice pension system". Which doesn't really go anywhere in terms of discussion or conversation.

    Also, can you post a link to your source? There may well be other interesting or useful information there for folks considering a move to France.


  • #3
    mcwhirter
    Closed Accounts Posts: 1,432 ✭✭✭mcwhirter


    Fysh wrote: »
    Do you have a specific question you want to ask, or discussion you want to encourage?

    Don't get me wrong, it's certainly interesting to compare the benefits and drawbacks of various countries, but as it stands your post just seems to say "Wow, the French have a nice pension system". Which doesn't really go anywhere in terms of discussion or conversation.

    Also, can you post a link to your source? There may well be other interesting or useful information there for folks considering a move to France.

    Here is the link.

    http://www.france24.com/en/20100906-french-pension-reform-battle-government-sarkozy-unions-retirement-age

    France is a good place to retire on a state pension,


  • #4
    Playboy
    Registered Users, Registered Users 2 Posts: 2,923 ✭✭✭Playboy


    Could i retire there on a state pension? Will they calculate it by taking into account my private sector earnings in the UK?


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