French Government Announces Partial Pension Revaluation Amid Political Tensions

Laurent Wauquiez's announcement of pension adjustments highlights divisions within the ruling coalition as budget discussions continue.

Laurent Wauquiez, leader of the Droite Républicaine, announced that all pensions will be revalued by half the inflation rate starting January 1, 2025.
A second revaluation is set for July 2025, targeting pensions below the minimum wage to protect against inflation.
The initial plan to delay pension revaluation by six months to save €4 billion was revised following political pressure.
The revised pension plan is estimated to cost between €500 million and €800 million, with savings sought through administrative budget cuts.
The announcement has sparked criticism from various political factions, highlighting tensions within the government coalition over fiscal priorities.