The French pension reform's key is extending the retirement age from 62 to 64 until 2030. The time to increase the contribution period to receive 100% of the pension from 42 years to 43 years has also been moved up eight years from 2035 to 2027. Instead, the minimum pension cap was raised from 75% to 85% of the minimum wage, or 1015 euros per month to 1,200 euros per month, slightly increasing income security. In a big way, it is a pension reform that works more and receives more similarly.

 
Pension reform was Macron's presidential campaign promise. He also started pension reform in 2019, the beginning of his term, but failed due to union opposition. However, this time, the government even invoked Article 49 (3) of the Constitution, which allows legislation without parliamentary consent to succeed in pension reform. Opposition protests took place across France, and opposition parties issued a no-confidence motion in the Cabinet, but the government's original bill was passed. 

Macron pushed for pension reform despite the political burden because of his willingness to prevent the insolvency of French pensions. "We need to work longer because we live longer," he said in his New Year's address earlier this year. "This year will be the first year of pension reform." 

Unlike France, which pushed ahead with pension reform with 70% of the public's opposition, it can be seen that pension reform is slow in Korea. President Yoon has proposed pension reform as "three major reform tasks" along with labor and education, but he seems to be not speeding up. 

In fact, in October last year, the National Assembly formed a special committee on pension reform. However, the ruling and opposition parties eventually gave up proposing a plan to raise the pension premium rate that could be agreed upon. It's unlikely that a proper discussion on the pension reform plan will take place next year regarding the general election period because the National Assembly is reluctant to bring up the issue. 
 

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