Overview
- An amendment to the 2026 budget from Ensemble pour la République would credit a national capitalization fund with €1,000 for every child born in France, with family top‑ups allowed until age 18 under a tax abatement.
- The sponsors estimate a state cost of about €660 million per year and frame the measure as a debate‑starter to diversify pension financing through a collective investment vehicle.
- Renaissance says a separate bill will propose a universal system converting euros contributed into euros of pension, ending a fixed legal retirement age, setting a minimum pension to retire, and letting social partners define key parameters.
- The capitalisation pillar is presented as optional and complementary to pay‑as‑you‑go, echoing recent child‑savings schemes in the United States and Germany.
- Ahead of Wednesday’s vote on suspending the 2023 reform, the government will file an amendment to broaden the suspension to long careers and other specific categories, with Renaissance deputies largely expected to abstain.