"France's government on Thursday moved to delay the application of a controversial 2023 pensions reform, but sparked criticism for seeking to pay for it with increased health insurance taxes and frozen pensions. The measure comes with France mired in political deadlock since President Emmanuel Macron last year called for snap parliamentary polls, which saw his centrist bloc lose its majority."
"Lecornu's cabinet on Thursday in a so-called "corrective letter" postponed the new retirement age of 64 and revised pension plan contributions until January 2028, after the end of Macron's second term in office. The measure is part of an austerity budget bill for next year that still has to be debated in parliament. But the government said postponing the reform would cost €100 million in 2026 and €1.4 billion in 2027."
France moved to delay implementation of a 2023 pensions reform, postponing the retirement age increase from 62 to 64 until January 2028. The decision followed political deadlock after snap parliamentary polls that cost the centrist bloc its majority and came as Prime Minister Sebastien Lecornu sought to survive a confidence vote. Lecornu's cabinet issued a "corrective letter" that revised pension contributions and placed the change in an austerity budget bill. The government estimated the postponement would cost €100 million in 2026 and €1.4 billion in 2027, and plans to raise taxes on private health insurers while freezing pension cost-of-living increases, drawing union anger and concern over higher private insurance fees and reduced retiree purchasing power.
Read at The Local France
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