French should pay into pensions for longer, panel says


  • World
  • Friday, 14 Jun 2013

French Prime Minister Jean-Marc Ayrault reacts as he delivers a statement about pensions at the Hotel Matignon in Paris, June 14, 2013. REUTERS/Christian Hartmann

PARIS (Reuters) - The French should pay contributions for longer to get a full pension and well-off pensioners should pay more taxes, a much-awaited advisory report to President Francois Hollande's government said on Friday.

Pension reform, a controversial issue for decades in France, will be closely watched by its euro zone partners, which expect changes in the generous but costly system in return for giving Paris more time to bring its public finances back in line.

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