Pensions

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Former Prime Minister Élisabeth Borne at a press conference, discussing the potential suspension of pension reform amid France's political crisis.

Élisabeth Borne opens door to suspending pension reform

Reported by AI Image generated by AI

Former Prime Minister Élisabeth Borne has suggested suspending the pension reform to ensure national stability amid a post-dissolution political crisis. This proposal, coming from the architect of the 2023 project, draws sharp criticism over its moral and economic implications. Prime Minister Sébastien Lecornu has not ruled it out, while calling for debate.

Suspension of pension reform until 2028

Jean Martin

The French government has announced the suspension of the pension reform until January 2028, a measure that will cost 100 million euros in 2026 and 1.4 billion in 2027. This decision, integrated into the social security budget via a rectifying letter, aims to ease political tensions in the National Assembly. Emmanuel Macron calls it a mere delay, while Prime Minister Sébastien Lecornu refers to it as a suspension.

Illustration of French government officials and union leaders divided over pension reform, with Macron and Lecornu on one side and protesters on the other in a Paris setting.

Pension reform divides government and unions

Jean Martin Image generated by AI

Despite Emmanuel Macron's denials of a suspension, the CFDT's general secretary insists the 2023 pension reform is indeed suspended. Prime Minister Sébastien Lecornu plans to include it in the social security budget via a rectifying letter. A conference on work and pensions will open in late November to discuss alternative systems.

Hervé Le Bras advocates immigration for pay-as-you-go pensions

Jean Martin

In a Le Monde op-ed, demographer Hervé Le Bras argues that immigration is a miracle solution against the falling birth rate threatening pension funding. He contrasts the solidarity of pay-as-you-go systems with individualistic capitalization. The active generation, he says, consumes for its children and pays retirees' pensions.

Heated debate in the French National Assembly over the 2026 budget, featuring discussions on Zucman tax and pension reform suspension, with socialists threatening censure and the right opposing changes.

2026 budget debate stalls over Zucman tax and pension reform suspension

Jean Martin Image generated by AI

Debates on the 2026 finance bill at the National Assembly drag on without addressing high patrimony taxation, as the pension reform suspension begins scrutiny in committee. Socialists, led by Olivier Faure, threaten a censure motion if no fiscal justice concessions are made. The right firmly opposes the pension suspension, vowing to restore it.

Pension reform suspension criticized for its financing

Jean Martin

The French government has formalized the suspension of the pension reform until January 2028 through a rectificative letter to the social security budget, presented on October 23, 2025. This measure, costing 100 million euros in 2026 and 1.4 billion in 2027, will be funded by under-indexing pensions and increasing contributions from health insurers. Unions and opposition parties denounce an unfair burden on current retirees.

France's pension reform suspension sparks political debate

France has suspended its pension reform, a move criticized as a major economic renouncement. Editorials highlight that this decision, tied to the 2026 budget, sacrifices younger generations for short-term political calculations. Comparisons with Portugal, Italy, and Argentina spotlight bolder choices elsewhere.

Sébastien Lecornu announces suspension of pension reform until 2027

Reported by AI

Prime Minister Sébastien Lecornu announced on Tuesday the suspension of the 2023 pension reform until the 2027 presidential election, in exchange for the Socialist Party's commitment not to vote censure. This concession aims to stabilize the government amid political instability. The measure pauses the raising of the legal retirement age to 64 and the acceleration of the contribution period.

No revaluation of complementary pensions in November due to lack of agreement

Jean Martin

Complementary pensions for former private sector employees will not be revalued on November 1 due to a lack of agreement between unions and employers. Agirc-Arrco announced this decision on Friday, October 17, after tense negotiations influenced by the suspension of pension reform. This lack of increase deprives retirees of an expected raise amid inflation and economic uncertainties.

CNAV director warns of delays after pension reform suspension

During a Senate hearing on October 29, Renaud Villard, director general of the Caisse nationale d'assurance-vieillesse (CNAV), warned of significant delays in processing pension claims if the 2023 pension reform suspension takes effect quickly. He estimated it would take about five months for staff and the IT system to adapt to the new rules. For the first affected individuals, born in 1964, the changes appear straightforward to implement.

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