Why Macron, French unions at odds over pensions

The French government is presenting a bill on Monday that foresees broad changes to the pension system that will notably push back the legal retirement age from 62 to 64. Unions aren't happy, and more than 1 million people took to the streets last week to reject the measure. More strikes and protest action are planned Jan. 31, and probably beyond.

The French government is presenting a bill on Monday that foresees broad changes to the pension system that will notably push back the legal retirement age from 62 to 64.

Unions aren't happy, and more than 1 million people took to the streets last week to reject the measure. More strikes and protest action are planned for Jan. 31, and probably beyond.

What does President Emmanuel Macron's government want to change and why, and what does it mean for workers, and why are so many people opposed?

All French retirees receive a state pension. The system's funding is based on the redistribution of a specific tax from those who are working to those who are retired.

The system is projected to dive into deficit in the coming decade amid France's aging population.

The average French pension this year stands at 1,400 euros per month ($1,500 per month) once taxes are deducted.

The system is complex, with differences depending on professions, and the private and public sectors. Some are allowed to take early retirement, including the military, police officers and people with physically demanding jobs.