Pension reform: Macron starts high-risk battle again

Pension reform: Macron starts high-risk battle again

The method of pension reform has finally been decided. Prime Minister Elisabeth Borne told AFP on September 29 that a consultation with unions and political groups would open next week. The aim is to draw up a concrete draft law by Christmas and to vote on it in early 2023.” “This reform has priority,” believes Elisabeth Borne, “in France we have a social model that is unique in the world, and we can only finance it sustainably if we work together more.”

For three weeks, the issue of good legal support for the reform ignited the political class and tore Macronie apart. On September 12, the head of state opened hostilities. In front of a hundred journalists gathered in the Elysée, he had let it be known that he wanted to implement the reform as quickly as possible. With the threat of a vote in the fall on moving the statutory retirement age from 62 to 64 on an article of the Social Security Funding Bill (PLFSS), the “safety budget.” A scenario that is considered a coup in the ranks of their own majority.

“If we embark on this path, we will surely merge the opposites between them and then divide French society,” François Bayrou, the new head of the National Council for Reconstitution, which is said to be responsible for the new method of macronistic consultation, reacted immediately . “We must take the time to work hard on global reform,” added Yaël Braun-Pivet, President of the Renaissance National Assembly. With others, these two pillars voted in favor of a concrete pension reform bill, which was preceded by three to four months of deliberations.

Entry into force in summer 2023 not certain

But this option, which is eventually adopted, poses serious risks for the government. “It’s a guarantee of extensive debate and the door is open to all sorts of ultra-expensive counterparties, a senior welfare ministry official fears, in a context that may become even more difficult if inflation continues.” Not to mention that It is expected that the new rules will come into force in the summer of 2023 – even if that is Elisabeth Borne’s declared goal today – or even before January 1stis January 2024. A period of at least six months must be allowed after its promulgation, so as not to surprise workers who are about to retire and to give the cash registers of the schemes time to organize themselves. Traditionally, although not required by law, the new criteria will also apply on January 1stis July or 1is January.


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