Quote:
Originally Posted by CroFlames
Our retirement age in Canada is 65.
France is going from 62 to 64. Hard for me to feel sorry for them for this.
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Not really, you can retire and begin collecting CPP at age 60. It's reduced, but for most people in France, their pension is reduced if they begin collecting at age 62 as well.
Unless you meet the contributory period for a full pension (I believe it's 43 years of steady contributions), you have to wait until age 67 for a full pension (vs. 65 in Canada) and then later retirees can get a bonus on top of that of 5% per year (vs. 8.4%/year in Canada).