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Having 3 children giving the possibility of retiring early for women was stopped in the Fillon reform in 2003. Of course, as the EU found it was slightly discriminatory to open up this possibility only to women, many men had this option to retire early for a few months, and took it.

Oh, and about the poor doctors, among the most wealthy professionals around, with their regular pay increase after regular strikes, and whose high pay is causing the Sécurité Sociale deficit... That deficit will have to be paid with what amounts to a 50€ flat tax. That's inequality, and redistribution from poor to wealthy.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 05:36:20 AM EST
[ Parent ]
Having 3 children giving the possibility of retiring early for women was stopped in the Fillon reform in 2003

A notary clerk can retire after 15 (fifteen) years of work if she has 3 (three) children. This is still in place.

Pierre

by Pierre on Fri Oct 19th, 2007 at 08:35:25 AM EST
[ Parent ]
Heh! I see that, in spite of all efforts to cover up, the truth about sclerotic old-fashioned red-tape-bound France will out.

;-)

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Oct 19th, 2007 at 09:58:02 AM EST
[ Parent ]
Well, since we're talking legal, you know...

Pierre
by Pierre on Fri Oct 19th, 2007 at 11:44:03 AM EST
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Notaries themselves are actually extremely privileged by French law. It is a cast that resells notary charges among their families ; it is absolutely impossible to get into the profession without being very close to one. And they make huge money as they make a proportional amount in each and every real estate deal.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 11:37:02 AM EST
[ Parent ]
So I guess the fact their clerks could keep that possibility is a way to make sure they keep quiet about their bosses' advantages.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 11:38:01 AM EST
[ Parent ]
Actually, the regime for notary clerk is older (1937) than french social security (1945) and includes a "smart" funding scheme: part of it is funded by a direct 4% tax on the revenue of the offices, instead of being entirely proportional to salaries paid. This kept the money flowing when the word processor came in and slashed to work force (cos legal really isn't much more than word processing).

Pierre
by Pierre on Fri Oct 19th, 2007 at 11:52:36 AM EST
[ Parent ]
Nota : that is the main reasons the RATP and SNCF pension plans are particular too : they are older than the general pensions. The reasons the clerks get to keep it is that they are a right-wing constituency and that they aren't so numerous, I guess...

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 12:18:57 PM EST
[ Parent ]
No, they don't get to keep it. It's about to get busted in the reform (well, just the pension part of it, so far)

Pierre
by Pierre on Fri Oct 19th, 2007 at 04:45:48 PM EST
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It's not that closed. The truth is, anyone can be a notary if he is rich enough. Financing to buy oneself in is regulated and ultimately provided by Caisse des Depots, which requires a 30% down payment. Actually, it is possible to find small provincial Etudes that you can buy for 300k€ (and probably much less pretty soon), so a down payment of 100 k€. But these require that you actually do some work yourself (yuk) to stay in the black. Whereas a nice spot Rue des Pyramides is like a 30% coupon bond guaranteed like state (10% net after tax and amortization), on offer to any bourgeois who can put a million euro down. The shop will be big enough to run itself.

Pierre
by Pierre on Fri Oct 19th, 2007 at 11:48:36 AM EST
[ Parent ]
I've heard accounts of people studying to become notaries that it was a bad idea to do so unless one has notaries in the family... Were those accounts wrong ?

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 11:51:47 AM EST
[ Parent ]
It's part wrong: it's a good idea if you have money (which is usually the case with a notary in the family)

Pierre
by Pierre on Fri Oct 19th, 2007 at 11:53:33 AM EST
[ Parent ]

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