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France: Emmanuel Macron waives his pension

2019-12-22T07:40:12.931Z

The French President sends a signal in the dispute over the pension reform: he knocks out just under 20,000 euros a month, which he would be entitled to after his term in office.



Emmanuel Macron wants to waive his presidential pension after his term in office. While protests against his pension reform plans continue across France, the President had the Elysée Palace announce his resignation on Saturday. Macron thus lost 6,220 euros per month. Macron also does not plan to take up the seat on the Constitutional Council, which is due to French presidents after their term in office. The position is valid for life and is endowed with 13,500 euros per month.

According to a report by the French daily Le Monde , Macron is the first president to waive the pension that was introduced in 1955. French law presidents are entitled to it, no matter how long they rule or at what age they leave office. The newspaper continues to report that Macron plans to regulate the retirement of the French head of state using the same point system that is at the heart of his pension reform plans.

Macron's reform aims to unify the complicated system with currently 42 different pension schemes in France and reduce the billion deficit of the pension funds. There is considerable opposition from the population to the project. The two-and-a-half-week strike by rail workers has already caused considerable traffic disruptions in France. Disabilities due to strikes are also expected over the Christmas holidays.

Source: zeit

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