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ARTICLE · 20 JANUARY 2023

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French Government Unveils Its Retirement Reform Plan

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The part of the proposal that has gotten the most public attention is a gradual increase in the retirement age from 62 to 64. There is much more to the plan, however.

FranceEmployment and HR
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On 10 January 2023, the Prime Minister presented the government's proposal for the future of the public pension system.

The part of the proposal that has gotten the most public attention is a gradual increase in the retirement age from 62 to 64. There is much more to the plan, however. Here are the significant points to note.

Measures for the balance of the system?

The legal age from which it is possible to retire will be gradually raised starting in September 2023, at the rate of three months per year of birth.?It will thus be set at 63 years and three months in 2027 at the end of the five-year term, then will reach the target of 64 years in 2030.

The number of years that must be worked in order to receive a full pension will also change. In 2027, to benefit from a full pension, it will be necessary to have worked 43 years. In the same way as today, people retiring at age 67 will always automatically benefit from a full pension (i.e. without a discount)

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