Overview

• The COR’s latest report projects continuous pension shortfalls through 2070, with the deficit rising to 1.4% of GDP by mid-century’s end.
• To achieve structural balance, the advisory body recommends raising the retirement age to 64.3 by 2030, 65.9 by 2045 and 66.5 by 2070.
• The report deems alternative measures—slowing pension growth, boosting employee contributions or increasing employer levies—as economically recessive.
• Unions including the CGT and CFDT have denounced the proposal as one-sided and criticized COR president Gilbert Cette for political bias.
• Social partners are in the final phase of government-led conclave talks on pension reform, with agreement due by June 17.