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2w ago

France Grants Pension Conclave Final Extension to June 23 as Talks Stall

Participants have until June 23 to resolve funding disputes blocking new benefit reforms for mothers, workers in arduous jobs, the broader pension system.

De gauche à droite: le président du Medef Patrick Martin (veste grise), la secrétaire générale de la CFDT Marylise Léon et celle de la CGT Sophie Binet, le 15 avril 2025 à Paris
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Le « conclave » sur les retraites lancé par François Bayrou prend fin ce mardi 17 juin.

Overview

  • The conclave, launched by Prime Minister François Bayrou to make the unpopular 2023 reforms more palatable, was given a final extension to June 23 after negotiators missed the June 17 deadline.
  • The legal retirement age of 64 remains non-negotiable, with the Medef and CPME refusing any rollback.
  • Draft compromises on benefits include recalculating pensions for mothers over their top 23 or 24 earning years and establishing a hardship account for early retirement in arduous professions.
  • Financing talks have stalled as unions press for higher contributions, CSG hikes or limited under-indexation and employers reject additional levies on salaries.
  • Participants must bridge deep divides over funding to secure a package that caps the system’s projected €6.6 billion deficit by 2030 or risk renewed political upheaval.