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Pope says pension systems must not weigh on future generations

Pope says pension systems must not weigh on future generations

Pope Francis on Monday mentioned future generations should not be overloaded with the price of at present’s pension methods, in obvious assist for reform at a time when the difficulty is politically explosive in France.

The 86-year-old chief of the Roman Catholic Church spoke typically phrases, with out referring to France, in a speech to leaders and employees of Italy’s welfare company INPS on the Vatican.

“To think that in some countries our grandchildren will be born with a terrible public debt. The choice of sustainability, on the other hand, responds to the principle that it is unfair to put irreversible and too heavy burdens on young people,” he mentioned.

France has been rocked by strikes and generally violent protests in opposition to a reform that President Emmanuel Macron has pushed by, bypassing parliament, which raises the retirement age by two years to 64.

Other European nations, dealing with the problem of longer life-expectancy and falling beginning charges, have adopted related cost-saving measures, with governments defending them on monetary sustainability grounds.

Francis, who final 12 months mentioned that selecting pets over youngsters is egocentric, mentioned an unnamed Italian man in his 60s had as soon as instructed him: “Who will pay for my pension? It won’t be the little dogs that people have instead of children.”

In his speech, he known as for “wise politicians” who can distinguish between good and dangerous instances and who “avoid wasting resources … and do not leave future generations in dire straits”.

The pope additionally confused the contribution made to pension methods by overseas employees, and mentioned individuals ought to have entry to dignified jobs, with out extreme types of non permanent contracts or being pressured to simply accept undeclared work.

Source: www.anews.com.tr