2023 French pension reform law

2023 pension reform law
French Parliament
  • 2023 Social Security Financing Adjustment Law (French: Loi de financement rectificative de la sécurité sociale pour 2023)
CitationLaw no. 2023-270 (LOI n° 2023-270)
Enacted bySenate
Enacted byNational Assembly
Signed byPresident Emmanuel Macron
Signed14 April 2023
Vetoed byGroup of Deputies
Type of vetoConstitutional
HoldingConstitutional Council decided on laws constitutionality
Legislative history
First chamber: Senate
Introduced byBorne government
Passed16 March 2023
Voting summary
  • 193 voted for
  • 114 voted against
Second chamber: National Assembly
Member(s) in chargeBorne government
Passed20 March 2023
Voting summary
  • 295, by not voting for a
    motion of censure
    which would
    have prevented the bill
    from passing, effectively voted for
  • 278, by voting for said
    motion of censure,
    effectively voted against
Summary
Raises the retirement age
Status: Current legislation

In 2023, a law was passed in France that raises the retirement age from 62 to 64 with a requirement that the retiree has worked at least 43 years. Its provisions, which sparked strikes, were highly controversial, as was Prime Minister Élisabeth Borne's invocation of Article 49.3 of the French Constitution, allowing a draft law to pass without a vote unless the Assembly adopts a motion of no confidence within a set time. Two such motions were filed within the required timeframe, and both of them were voted down on 20 March.

The law was to deal with a pension system budget deficit projected to reach €13.5 billion per year by 2030.[1]

  1. ^ Richard Lough (20 March 2023). "Explainer: Why is Macron in so much trouble over pension reform?". Reuters.