Overview
- Lawmakers approved the social security bill that pauses the 2023 retirement-age increase to 64 until after the 2027 presidential election.
- Support from the Socialists proved decisive after the government agreed to suspend the pension reform, while National Rally and France Unbowed opposed the measure.
- The legislation must return to the conservative-led Senate, which objects to halting the reform, before potentially coming back to the National Assembly.
- A separate state budget vote is due this month, with the Senate scheduled to examine the state budget on December 15.
- Lecornu warned defeat would have opened roughly a €30 billion funding gap and threatened the 2026 spending plan, underscoring strain from a deficit last reported at about 5.8% of GDP.