FACTBOX: Policies of France's president-elect Sarkozy

(Reuters) - Conservative Nicolas Sarkozy was elected president of France in an election run-off on Sunday against Socialist Segolene Royal, according to television projections after polls closed.

Following are policies announced by Sarkozy in his manifesto and major speeches:

THE ECONOMY/EMPLOYMENT

- exempt overtime from tax and social security charges

- cut four percentage points from tax/social charges and thus return 68 billion euros to the French people

- create a single labor contract, with social rights increasing over time, flexibility he says will encourage employers to hire more staff

- ban "golden parachute" payouts to executives and prevent stock options being confined only to company bosses

- retain retirement at 60 and 35-hour work week, but as a minimum, not maximum, with people free to work more or longer

- cut public sector staff levels to boost civil service wages and reduce public debt

- Sarkozy's UMP party has pledged to bring public debt below 60 pct/GDP over five years, limit public spending increases to 1.5 pct over five years

LAW-AND-ORDER/IMMIGRATION

- set minimum sentences for repeat offenders, tougher sentences for juveniles

- ensure judges are accountable for their decisions

- reduce illegal immigration, pursue selective immigration that favors arrival of qualified workers

- create a ministry of immigration and national identity, ensure defense of French identity should not be seen as taboo subject

WELFARE/SOCIAL POLICY