Overview

• The COR’s June report evaluates four options to rebalance pension accounts and recommends raising the retirement age to 66.5 by 2070 to address long-term deficits
• The draft report also lowers the projected pension deficit for 2030 to €6.6 billion and is set for validation by social partners at a plenary meeting next week
• CGT secretary general Sophie Binet said she will push to amend the report, accusing the COR of overstepping its advisory role by favoring a single scenario
• Unions are pressing the government for a referendum on pension reforms after negotiations collapsed in March over retirement age disagreements
• Economy Minister Éric Lombard ruled out mandatory capitalization for pensions and the CGT proposed boosting revenues through higher salaries, closing wage gaps and increasing senior employment