Overview

• Bayrou said he will introduce pension legislation this autumn as part of the social security finance bill after four months of talks
• Unions and employer federations agreed to target a balanced pension system by 2030 and to maintain the retirement age increase from 62 to 64
• Outstanding issues over early retirement for physically demanding jobs led Bayrou to grant unions and employers extra time to resolve sticking points
• The Socialist Party filed a no-confidence motion accusing Bayrou of reneging on his promise to bring a new pension bill to parliament
• The National Rally’s refusal to back the motion makes its defeat almost certain