US EditionRetreats: One Solution, Capitalization?
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3 Articles
Critiqued since its establishment by the great bourgeoisie, our system of pension by distribution, where everyone contributes according to his means and touches according to his needs, is again in the sights of the Macronist camp. The former Prime Minister Gabriel Attal plans to remove the retirement age to fork towards a process by capitalization. "It is from the hell of the poor that the paradise of the rich is made," wrote Victor Hugo in 1869…
On Wednesday 12 November, the National Assembly voted, with 255 votes in favour, to suspend the reform of the so-called "Borne" pensions of 2023. This context of uncertainty, where the question of the sustainability of our system by distribution still arises, will it re-emergence the debates on capitalization?
Bertrand Martinot: "Our proposal is to build a funding scheme within the current system by distribution, and thus gradually reduce it by refocusing it on a low-contributory basic pension."
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