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French Assembly Votes to Pause Pension Reform as Social‑Security Bill Moves to Senate

The amended social‑security bill now goes to a Senate majority pledging to restore the reform, leaving the budget’s trajectory uncertain.

Overview

  • Deputies approved in first reading a suspension of the 2023 pension changes by 255–146, delaying the step to a 64‑year age and shifting contribution requirements until January 2028 for affected cohorts, including some long careers.
  • The government curtailed debate under Article 47‑1 and sent the Assembly’s amended PLFSS to the Senate with all adopted amendments, with plenary examination slated to start on November 19.
  • Senate president Gérard Larcher signaled the center‑right upper house will seek to reinstate the pension reform during the legislative shuttle.
  • The suspension is costed by the executive at about €300 million in 2026 and €1.9 billion in 2027, as deputies also scrapped several savings measures and backed a CSG hike on capital income projected to raise about €2.8 billion.
  • In separate state‑budget debates, lawmakers rejected the government’s plan to replace the 10% pension tax abatement, while more than 2,100 revenue‑side amendments remain pending and the timetable for votes is uncertain before the November 23 transmission deadline.