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He has won support from the city's poor with populist policies such as extra pensions for the elderly.
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This meant that they continued to accrue extra pension for additional years of service.
Being slightly younger, he would have to pay slightly more because his life expectancy is greater – which means the state will typically have to pay out the extra pension for a longer period.
The sweeteners include an additional two months' wages for all government workers and two extra pension payments for university students.
As the system requires consensus, it tends to dilute reforms.Thus Mr Hollande's modest 2013 pension reform lengthened the years of work needed to qualify for a full pension but also promised extra pension credits for demanding work, such as repetitive action or strained posture, which now give employers headaches.
Suddenly, BT's sums seem to work comfortably – the reduced dividend and the extra pension contribution still allow room for investment and debt-reduction.
"Extra pension dollars free up city dollars for police and fire protection, for teacher salaries and for all the other essential services".
It is worth exploring whether deferring drawing your state pension will provide you with a bigger increase for lower cost than buying the extra pension, he adds.
Managers at the college say government funding cuts, combined with extra pension and national insurance costs, will amount to £1.7m a year less for the college by 2015.
That is bad news for the public finances, not good.For the government's sums to add up therefore, these extra pension payments must be coming out of the existing budgets of the fire service, armed services and judiciary.
He calculates that if you are one year short of receiving the full basic state pension you could pay £705 for a year's NICs, which will buy you £190 a year in extra basic state pension for the rest of your life.
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CEO of Professional Science Editing for Scientists @ prosciediting.com