From January 1, 2010, the maximum mandatory retirement age will rise from 65 to 70 in France. Among other reasons for this change, the government is hoping that it will help alleviate some of the costs of a rapidly aging population.
Key Details
The main features of the new law are as follows:
* The regular retirement age remains at 65, but workers will have the option to work until they are 70 if they so choose.
* If they have been working, and contributing to the national social security fund for 40 years (41 years for those born from 1952), workers also have the option to retire at 60.
* Employees who meet these requirements cannot be forced to retire before they choose to.
See full Article.
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