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[Varche]

Referring to the ongoing protests about raising pension age to an astonishingly high 64. The poor mites. Haven’t they seen retirement age in other countries around them.

Might it bring down Macrons government? If so then we will no doubt see the axis of power in the EU shift further East.

[Migv6 le Frog Fan]

We in the West are supposed to be competing against China on the global markets.
The company I work for owns a small subsidiary in China, and one of our Directors told me about his recent visit there.
The Chinese workers are aid 9-5 Mon. Fri. as is normal, but they turn up at the office usually around 7.30 am and stay until round 6.30pm.
They often "pop in", to do  few hours work on Saturday and Sunday - all of their own volition.
When you look at the West and the bone idle French in particular, we dont stand a chance.

[Doctor Gollum]

Presumably the companies encourage such free labour

[Migalot]

I don't think it's a question of pension age specifically. I think that the main problem is that Macron is seen as a globalist WEF stooge (he is) and the fact that he pushed through this reform bypassing the usual parliamentary procedure has exacerbated the situation. Additonally, many are apparently questioning French support for this unnecessary and hugely costly war in Ukraine.

[Migv6 le Frog Fan]

Presumably the companies encourage such free labour

They really arent that type of company tbh. Its the most fair and relaxed place I have ever worked. As long as you make a reasonable effort to do your job, they are pretty appreciative.
The only employees who moan about the place are the ones who have been there over 30 years, and have never worked anywhere else.
They dont know they re born.

[Varche]

I don't think it's a question of pension age specifically. I think that the main problem is that Macron is seen as a globalist WEF stooge (he is) and the fact that he pushed through this reform bypassing the usual parliamentary procedure has exacerbated the situation. Additonally, many are apparently questioning French support for this unnecessary and hugely costly war in Ukraine.

Eh  I think you will most definitely find it is about having to work longer!

As for French support for the war in Ukraine, They aren't supporting it. Quite the opposite , they are supporting the Ukrainians . Macron is the appeaser telling everyone to give Putin a way out of a war  Putin started so he saves face.

[Field Marshal Dr. Opti]

I think the revolt is more to do with Macron playing the Napoleon (God) card by not going down the democratic route.

[Migalot]

I understand that "MacronOrdure" is trending no1 on French Twitter, as a woman has been arrested for calling him garbage on the internet and now faces 6 months in prison and 22k euro fine.

Free speech is obviously protected in France. 

[LC0112G]

AIUI it's a bit more than just raising the retirement age from 62 to 64. They have also increased the number of years of (what we would call) National Insurance contributions required from 42 to 45 in order to qualify for the full state pension. So if you leave Uni at 21, you'll be 66 before having enough years for the full pension. This explains why there are a lot of younger (University age) people protesting.

In the UK you now only need 35 years NI contributions to receive the full New State Pension, and you are credited for A-level years (17-18) but not University (18-21).

Doesn't excuse the rioting, and I don't know enough about the French system to guess at what is affordable and what isn't.

[Varche]

And it is a decent pension unlike the UK pension which is the worst. In Europe despite being one of , if not, the richest country

[Doctor Gollum]

And it is a decent pension unlike the UK pension which is the worst. In Europe despite being one of , if not, the richest country

But the basic pension doesn't include all the other stuff handed out on a plate like housing and heating.

People who didn't take a penny in benefits generally have some sort of private pension to afford them some sort of standard of living. Although if you worked as a teacher they tax that pension as income

[Marks DTM Calib]

And it is a decent pension unlike the UK pension which is the worst. In Europe despite being one of , if not, the richest country

But the basic pension doesn't include all the other stuff handed out on a plate like housing and heating.

People who didn't take a penny in benefits generally have some sort of private pension to afford them some sort of standard of living. Although if you worked as a teacher they tax that pension as income

All private pensions are taxed as income, as soon as you are over the zero threshold its tax as normal (and the state pension counts towards that).

[Doctor Gollum]

And it is a decent pension unlike the UK pension which is the worst. In Europe despite being one of , if not, the richest country

But the basic pension doesn't include all the other stuff handed out on a plate like housing and heating.

People who didn't take a penny in benefits generally have some sort of private pension to afford them some sort of standard of living. Although if you worked as a teacher they tax that pension as income

All private pensions are taxed as income, as soon as you are over the zero threshold its tax as normal (and the state pension counts towards that).

Unless they were invested post tax. In which case you only pay capital gains. AIUI.

[Marks DTM Calib]

And it is a decent pension unlike the UK pension which is the worst. In Europe despite being one of , if not, the richest country

But the basic pension doesn't include all the other stuff handed out on a plate like housing and heating.

People who didn't take a penny in benefits generally have some sort of private pension to afford them some sort of standard of living. Although if you worked as a teacher they tax that pension as income

All private pensions are taxed as income, as soon as you are over the zero threshold its tax as normal (and the state pension counts towards that).

Unless they were invested post tax. In which case you only pay capital gains. AIUI.

You would need your bumps feeling to think about investing in a pension post tax, better to put it inot property or something else if in that scenario 

[STEMO]

And it is a decent pension unlike the UK pension which is the worst. In Europe despite being one of , if not, the richest country

But the basic pension doesn't include all the other stuff handed out on a plate like housing and heating.

People who didn't take a penny in benefits generally have some sort of private pension to afford them some sort of standard of living. Although if you worked as a teacher they tax that pension as income

Of course it's taxed as income, because you get tax relief on your contributions. A 40% tax payer who contributes £1000 into a pension gets £400 back in tax relief, so it only costs them £600.

Let's take my wife. If she pays, say, £800 a month into her teachers pension, it will only cost her £480. Plus, her employer will contribute a further £1600. So, for £480, she is getting £2400 a month into her pension. No brainier.