Pension Reform: Europe Wants Later Retirements

Governments from France to Spain are making a push to raise retirement ages as a way to trim pension benefits and cut deficits

Mamadou Doukowu had planned to retire in 2016 and start a life of leisure on a state pension. Now, it appears the 54-year-old Paris security guard may have to wait a bit longer to hang up his badge. President Nicolas Sarkozy wants to raise France's retirement age from 60 to 62 as he grapples with a soaring deficit. "If you've worked for 40 years, your body is tired," Doukowu says as he directs trucks into a Paris construction site. "I've paid into the system. They owe it to me."

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