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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 French Pension Reserve Fund (French: Fonds de Réserve pour les Retraites, FRR) [1] is a public entity created by law n°2001-624 dated 17 July 2001. Its mission is to invest monies entrusted to it by the public authorities on behalf of the community with the aim of financing the French pension system.
In 2023, a law was passed in France that raises the retirement age from 62 to 64 with a requirement that the retiree has worked at least 43 years.
The fate of Emmanuel Macron's presidency of France may lie in the fate of his planned overhaul of the retirement system, which has already prompted strikes and protests. Knowing that it's not ...
The State, local government agencies, and the standard retirement fund provide the funds needed to balance the expenditures. The special retirement plan funds are largely in deficit. In 2006 €14.7 billion were paid out in pensions under the special retirement plan, whereas the contributions by workers were only €6.2 billion.
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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]