On 10 January 2023, and following more than three difficult months of negotiations with the social partners, French PM E. Borne finally unveiled the main thrusts of the nation’s pension reform plans, a major element of which is to raise the legal retirement age starting 01 September 2023, from 62 currently to reach 64 by 2030. The pension reform project also contains measures to facilitate retraining and early retirement for employees who are worn out by the type of work they have done. The reform also creates a ‘senior index’ that businesses with 1,000 staff will be obliged to start report in 2023.
Already a burning issue since the start of the year, on 10 January 2023, the raising of the legal retirement age was officially announced. “We have to work longer. The aim of the reform is to strengthen the pension system. If we do nothing, it will be threatened, because we will be relying on debt to finance it,” President Emmanuel Macron stated earlier in his New Year’s address. Should the reform come into force, the legal retirement age will increase from 62 currently to reach 64 by 2030.
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Article authors
Nathalie Tran
Editor-in-Chief Mind HR