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4w ago

France Approves Five-Year Senior Open-Ended Contract to Boost Over-60 Employment

Promulgation will trigger a five-year trial that tests incentives to cut end‑of‑career costs for hires over 60.

Le texte prévoit notamment la création d’un CDI senior baptisé «contrat de valorisation de l’expérience» (CVE), à titre expérimental les cinq prochaines années suivant la promulgation de la loi.
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Overview

  • The National Assembly definitively passed the law by 143 votes to 25, with all opposing votes from La France Insoumise.
  • The new 'contrat de valorisation de l'expérience' targets jobseekers aged 60 and over, or 57 by branch agreement, and lets employers retire employees once they reach full pension eligibility.
  • Employers will be exempt from the 30% contribution on retirement indemnities for three years starting the day after promulgation.
  • The package also reduces first-time unemployment eligibility to five months of work, removes the three-term cap for CSE members, and strengthens negotiation duties on job retention.
  • The law transposes a June 25 agreement between unions and employers, incorporates a government amendment sought by social partners, and will be evaluated during the five-year experiment.