The French government on Saturday offered the unions a concession on its controversial pension reform amid fresh nationwide demonstrations against the plan
, saying he wanted"to demonstrate my trust" toward the unions with the offer.
The government's pension reform aims to streamline the current system and make it more fiscally sustainable, but French unions fear it would lead to a reduction of pension benefits and the development of private pensions schemes. Concerns over the plans triggered one of the longest transport strikes in French history.
Philippe's letter represents a significant concession: The so-called"pivot age" — meaning the legal retirement age will remain 62 years, but only those who work until 64 will receive their full pension benefits — is the most controversial aspect of the reform.
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