France | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


France


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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 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
  • increasing the labour force participation rate at older ages as life expectancies rise
  • improving the regulatory requirements for the private pension system.

RRF19921_MMGPI Report_0616_Chart_WEB_1000x950_10_FRANCE

Progressive Results: 

Year

Overall

Adequacy

Sustainability

Integrity

2016  56.4 75.2 35.2 55.8

The French index value fell slightly from 57.4 in 2015 to 56.4 in 2016 due to a number of small changes.

2015 57.4 77.2 36.6 54.9

The French index value fell slightly from 57.5 in 2014 to 57.4 in 2015 due to a number of small changes.

2014  57.5  76.4  37.7  54.9

The French index value increased from 53.5 in 2013 to 57.5 in 2014 caused by an increase in the minimum pension, a reassessment of the taxation position and higher coverage through inclusion of voluntary schemes.

2013

53.5

71.7

31.7

55.1

The French index value fell from 54.7 in 2012 to 53.5 in 2013 primarily due to the revised tax question which recognised that investment income in pension plans is taxed.
2012

54.7

74.3

32.0

55.2

The French index value increased slightly from 54.4 from 2011 to 54.7 in 2012 primarily due to an increase in the level home ownership as shown in the latest data.
2011

54.4

73.6

30.7

56.8

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.
2010

54.6

74.9

29.7

56.8


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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies