France Moves To Lower Retirement Age To 60

By Oliver Tree | June 06 2012 2:00 PM

France is moving to lower the retirement age for some workers from 62 to 60, in a step that reverses the trend in most developed countries.

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The proposal by Socialist President Francois Hollande reverses a signature reform of his predecessor Nicolas Sarkozy, introduced in 2010.

The draft legislation, which was presented on Wednesday, would only affect some workers such as those who started working at 18 or 19 years old, or mothers who leave the workforce to have three or more children.

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