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The pension system is funded through social security contributions, which in 2013 consisted of a total rate of 15.15%—8.4% by employers and 6.75% by employees—up to a contribution ceiling of €37,032, with an additional 1.7% on salaries above this amount.
Social Security system of the Bank of France (régime de la Banque de France) Social security system of the Paris Chamber of Commerce (régime de la Chambre de commerce et d’industrie de Paris) Social security system of the Senate of France (régime du Sénat) Social security system of the National Assembly of France (régime de l'Assemblée ...
The New York Times says the government argues rising life expectancies "have left the system in an increasingly precarious state"; "[i]n 2000, there were 2.1 workers paying into the system for every one retiree; in 2020 that ratio had fallen to 1.7, and in 2070 it is expected to drop to 1.2, according to official projections". [7]
A long-term resident in the European Union is a person who is not a citizen of an EU country but has resided legally and continuously within its territory for five years with a means of support (i.e. without recourse to the social assistance system of the host country) and fulfills some further requirements, as defined in Directive 2003/109/EC. [1]
The tax system has never been united in France. There have always been an extreme diversity in collection, the base, the rates and the nature of the taxes. Until 1789, taxes were collected by the state, the church and lords. After the French revolution, taxes consisted of taxes on wealth and on incomes.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
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