French Senate passes retirement age increase
The French Senate, in a 177-153 vote, approved a bill Friday to raise the retirement age in the country from 60 to 62. President Nicolas Sarkozy’s conservative government, keen to pass the measure and quell protests, used a procedure that cut debate and the voting process short.
Just hours prior to the vote, riot police forced an oil refinery at Grandpuits, 50 miles east of Paris, to reopen. The prime minister said it would take several more days to end gasoline shortages.
The Senate debate lasted three weeks. Mostly socialist legislators submitted 1,237 amendments, but Sarkozy’s conservative party and its allies dismissed nearly all of them. The text now goes to a committee of senators and lower house lawmakers Monday who will try to compromise on differences before returning the bill to both houses for a final vote next week.
The Interior Ministry said the operation at the Grandpuits fuel refinery succeeded “without incident,” but the CGT union claimed three workers were injured. As of Friday, about 20 percent of France’s service stations were still empty, down from 40 percent a few days ago.
Sarkozy says the reform is necessary for future generations to receive pensions. French unions claim the working class will be unfairly punished.
The head of the national petroleum industry body, Jean-Louis Schilansky, said it is struggling to import fuel to make up for the shortfall. Strikers are also blockading tankers from docking and unloading at two key oil terminals, in Le Havre and Marseille.
Global Equities’ head economist Marc Touati said gas shortages and other disruptions could lower economic growth by 0.1 to 0.2 percentage points.
Unions announced two more days of protest nationwide, next week and the week after.
Friday in Lyon, police again used tear gas and water cannons against rioting youths. “It is not troublemakers who will have the last word in a democracy,” Sarkozy told officials in central France, promising to find and punish rioters.
The Associated Press contributed to this report.

















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back to top4 Comments to “French Senate passes retirement age increase”
The French need to learn from the US how to deceive its citizens better. The US government employs a much sneakier mechanism for determining the retirement age, probably so that no one finds out and burns a car.
The retirement age in the US begins at 62, but the percentage of benefits you can take out varies depending on what year you were born. That way the government can adjust the numbers any time it wants and no one revolts because no one knows.
The government should have no say when people retire. Even in America, people seem to have bought in to this notion.
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Agreed, Xion. People should retire when they choose, and if they paid into a government plan, they should receive whatever they are entitled to at that age, based on the amount that htey paid in.
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#2 Kyle,
Lotsa oldsters just cant believe that Uncle Sam immediately took and SPENT all that money they paid in all these many years. It wasnt in a lock box. If there is a lockbox all it has in it are IOUs courtesy of LBJ and nearly every president after him.
Giving your retiremt savings to the govt to manage? I’d rather hand a bottle of black label JD and my car keys to teenagers.
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Keeping the retiremt age unchanged? Sorta like keeping a heavy black rotary phone.
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