$ grep -l "#intermediate" ./articles
// 9 entries · sorted by date
Tagged #intermediate
Every article tagged intermediate — across categories. Tags are transversal slices: an article can carry several.
9
articles
since 2026-06-07
~62 min of reading
since 2026-06-07
~62 min of reading
date
category
title
duration
// june 2026
14.06.26
macro
Pay-as-you-go pensions: how the French system works, and why “42 schemes”?The backbone of the French system, explained simply: pay-as-you-go, the mandatory tiers, the real meaning of the “42 schemes” figure, and what the 2023 reform — then its 2026 suspension — actually change.
9 min
14.06.26
macro
The SNCF railway pension scheme, explainedThe railway workers' scheme without the trial or the whitewash: its history, its calculation on the last six months, its retirement ages — and why the State pays roughly €3.2bn a year to balance it.
6 min
14.06.26
macro
The energy-sector (IEG) pension scheme (EDF, Engie, Enedis, GRDF…)Often confused with SNCF's, the electricity and gas workers' scheme differs on one decisive point: it receives no State subsidy. How it's really funded (yes, the CTA levy on your bill), and the funded layer — the PERO — sitting on top.
6 min
14.06.26
macro
The RATP pension scheme: closed — and then what?The most media-covered scheme is also the best textbook case: its rules, its State subsidy, and above all what “closing a scheme” means over fifty years — a slow wind-down, not an immediate saving.
5 min
14.06.26
macro
The seafarers' scheme (ENIM): the oldest in FranceBorn in 1673 under Colbert, the seafarers' scheme is the doyen of French pensions — still open, more than 80% funded by the State, and built on a unique logic: you contribute not on your wage, but on a flat-rate scale by category.
5 min
14.06.26
macro
The small special schemes: Opera, Comédie-Française, Banque de France…Behind the big schemes hides a gallery of tiny ones: Opera ballet dancers retiring at 42, the Comédie-Française, the Banque de France, notaries' clerks. Minuscule in headcount, they reveal the often-forgotten logic of the 2023 reform.
5 min
14.06.26
macro
Pay-as-you-go, funded, sovereign fund: what about our neighbours?Final episode: we leave France. United States, Netherlands, Switzerland, Norway — how others fund their pensions, what is singular about France, and why the “sovereign fund that pays the pensions” is a myth.
7 min
// july 2026
15.07.26
crypto
BIP-110: Should Bitcoin Filter Data? Anatomy of a Consensus BattleIn 2025, Bitcoin Core lifted OP_RETURN's data limit. BIP-110 is the pushback: a temporary soft-fork to re-cap arbitrary data. Here's what it changes technically, how it activates at 55% — and why it exposes the real question: who gets to decide Bitcoin's rules?
9 min
// june 2026
07.06.26
investment
The SpaceX IPO, taken apart: how to read a stock-market listingOn 12 June 2026, SpaceX lists on the Nasdaq, raising ~$74B at a valuation near $1,770B. Instead of 'should you buy?', here are the eight reflexes to read any prospectus — applied live to the SpaceX case.
10 min