November 2007 strikes in France retire with full pension benefits after 37.5 years rather than 40 years. The Sarkozy administration claims the current pension system allows some public sector workers to retire as early as age 50. The government calculated the cost of these early-retirement benefits at $7 billion a year. President Nicolas Sarkozy felt that his victory in the 2007 presidential election gave him a mandate to carry out labour reforms, stating "I said before I was elected what I would do," and "we will do these reforms because they have to be done." He declared the strikes a test of political will. "I
President of France President of France The President of the French Republic (, ) is the executive head of state of France in the French Fifth Republic. In French terms, the presidency is the supreme magistracy of the country. The powers, functions and duties of prior presidential offices, and their relation with the Prime Minister and Cabinet, have over time differed with the various French constitutions since 1848 (the final end of the French Monarchy). The President of the French Republic is also the "ex officio" Co-Prince of Andorra, Grand Master of the Légion d'honneur and the National Order of Merit, and honorary