We’ve looked into a viral tweet’s comparisons of the lives of French and British workers, many of which are less straightforward than they seem.
is a broadly flat amount , not tied to how much someone earned while working. UK workers often also take out private occupational pensions to provide income in retirement., the pension system consists of a basic scheme, which provides a minimum payment but can pay out more depending on past earnings, and also a mandatory occupational scheme. These are both public schemes
So if you compare the average public pensions in the UK and France, the payments in France are considerably higher—although we’re not sure on what basis they could be called three times higher, as claimed. That’s also not a particularly good comparison because it ignores the considerable private element in the UK.A common way to compare pension values is using “replacement rates” which consider pension earnings as a share of previous earnings.showing that in France, net pensions accounted for 74% of previous earnings, while in the UK they account for about 58%.
These don’t account for any other benefits pensioners may receive, or the amount people are taxed, or otherwise contribute to pension schemes, and how this may affect their income levels earlier in life.While this claim isn’t particularly clear, when looking at the average pay of people in France and the UK, it doesn’t appear to be the case that French workers’ wages are overall “25% higher”.
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