France 2011

France’s retirement income system comprises an earnings-related public pension with a minimum pension level; two mandatory occupational pension plans for blue and white collar workers respectively; and voluntary occupational plans.

The following table shows France’s position when compared to the 15 other countries and some of the indicators that either scored relatively well or poorly.

The overall index value for the French system could be increased by:

• increasing the level of funded contributions thereby increasing the level of assets over time
• increasing the state pension age over time
• increasing the labour force participation rate amongst older workers
• improving the regulatory requirements for the private pension system

The French index decreased very slightly from 54.6 in 2010 to 54.4 in 2011, primarily due to a reduction in the net replacement rate which was partly offset by an increase in the net household saving rate.