Unemployment: Bruno Le Maire wants to reduce the duration of compensation for those over 55

Will the duration of compensation for seniors change? The Minister of the Economy, Bruno Le Maire opened the door this Thursday to a lowering of the duration of unemployment compensation over 55s to align it with those of other unemployed people. This would be one of the measures to take to achieve full employment, for the minister.

Questioned this Thursday on Franceinfo, the minister noted compensation of “27 months” for those over 55, compared to “18 months” for younger unemployed people, a way according to him “to retire early the most 55 years old.

🔴 Unemployment insurance ➡️ “What justifies us still having different durations of compensation depending on whether we are over 55 or under 55?”, says Bruno Le Maire. “It’s hypocrisy, a way of [les] retire early.” #8h30franceinfo pic.twitter.com/ek5i3GHTTk

— franceinfo (@franceinfo) November 23, 2023

For him, “if we don’t shake things up, there won’t be a 5% unemployment rate” at the end of the five-year term (against 7.4% today), objective which represents full employment. “Something is wrong with the French social model” which prevents this from being achieved, according to him. “One of the ways is through the employment of seniors,” he defended.

A target of 5% of the unemployment rate

“Would they be worth less, those over 55? I see no reason for there to be a longer compensation period, it is total hypocrisy, a way of putting them into early retirement,” he ured. He recalled that the employment rate of seniors was “ten points” lower in France than the general employment rate of 68%.

“The message I want to send them is we need you, we need your experience », added Bruno Le Maire. He said “to raise the debate” of a reduction in the duration of compensation for seniors “with the total determination to achieve this 5% unemployment rate which we have not reached for half a century in France” .

An agreement on unemployment insurance that could be improved

He also deemed it “perfectible” the agreement on unemployment insurance signed last week by the social partners, particularly on this issue of seniors. He also criticized the financing measures which appear in the agreement, with “certain expenses”, such as reductions in contributions, compensated by “unlikely savings”.

The agreement proposes in particular “to make savings on the creation of businesses”, noted the minister, judging “the idea a little baroque because we need to create businesses, and the economy estimated at nearly 900 million euros seems very improbable to me.” “On the financial side, we can legitimately express doubts, I had the opportunity to explain this with the president of Medef,” concluded the minister.

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