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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 ...
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 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]
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Early and normal retirement ages vary according to the date of birth of the person filing for retirement. [12] [13] 2 In France, the retirement age was 60, with full pension entitlement at 65; in 2010 this was extended to 62 and 67 respectively, increasing progressively over the following eight years. [17]
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Foreign nationals who need a visa for a part of Overseas France can obtain one by lodging an application at a French embassy or consulate in their country of residence (or, in the case of foreign nationals already in a part of France, the local prefecture) [10] for a fee of up to €99 (depending on the destination, length of stay, age and ...