The French aren’t the only ones facing an increased retirement age
French workers took to the streets when the prime minister announced the age to claim pension benefits was increasing — but they’re not the only ones who could see that type of change.
The retirement age in France is increasing — from 62 to 64 — but only for those born after 1975. Workers have spent the last week protesting the change, including a strike from transportation workers across the country. Unions say they’re worried this new system will mean workers will be in the workforce for longer, only to receive a smaller pension when they retire.
Increasing the retirement age for Social Security benefits would reduce benefits for many Americans, Johnson said. The further away full retirement age is from the initial claim, the less money a beneficiary receives. “It creates a real gap between what people get if they work until their full retirement age and what they get when they first start collecting,” he said.
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