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National Assembly Approves First-Reading Pause of 2023 Pension Law Until 2028

The broadened measure now faces a hostile Senate and unresolved financing after cost estimates jumped.

Overview

  • Deputies voted 255–146 to halt further implementation until January 2028, with the PS, Greens and RN in favor, Renaissance and MoDem largely abstaining, and LFI, LR and Horizons opposed.
  • Government amendments widened eligibility to long-career workers, “active” and “superactive” public-sector categories, and some people born in early 1965, affecting more than 20% of a generation.
  • In practice, the 1964 cohort could retire at 62 years and 9 months with 170 quarters rather than 63 years and 171, with comparable relief planned for those born in the first quarter of 1965.
  • Revised estimates put the cost near €300–€400 million in 2026 and about €1.8–€1.9 billion in 2027; MPs rejected a levy on health insurers and a pension freeze, while a higher CSG on capital income was adopted as a partial offset, and the Cour des comptes warns of roughly €10 billion by 2030.
  • The bill now heads to the Senate, where leaders say they will move to restore the 2023 law, and without a new reform after the 2027 election the existing provisions would resume with a one‑quarter shift.