Finance

French PM opposes calls to go back to 62 as retirement age

Published by Global Banking & Finance Review

Posted on March 16, 2025

2 min read

· Last updated: January 24, 2026

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French PM opposes calls to go back to 62 as retirement age
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PARIS (Reuters) - Prime Minister Francois Bayrou on Sunday rejected the idea of reverting to 62 as the basic retirement age in France, appearing to narrow options for unions and employers negotiating

French PM Rejects Return to 62 as Retirement Age

PARIS (Reuters) - Prime Minister Francois Bayrou on Sunday rejected the idea of reverting to 62 as the basic retirement age in France, appearing to narrow options for unions and employers negotiating changes to an unpopular pension reform.

Bayrou, who heads a fragile minority government, agreed to reopen discussion of the 2023 reform, including the contested measure to raise the retirement age from 62 to 64 years, to help secure tacit support in parliament from opposition Socialists.

He tasked union and company representatives to discuss changes, saying all options were on the table provided proposals would ensure a funding deficit would be plugged.

Asked in an interview on France Inter radio if it was possible to go back to retirement at 62, he said, "No."

"The representatives in the social conference know very well what the numerical situation is and which I asked the Court of Accounts to set out," Bayrou said, referring to a report by France's audit office projecting future deficits even after the 2023 reform.

At the same time, he did not see retirement age as the only path for reforming the pension system, he said.

If unions and employers fail to agree to proposals, the government plans to proceed with implementing the 2023 reform.

(Reporting by Gus Trompiz; Editing by Andrew Cawthorne)

Key Takeaways

  • French PM Francois Bayrou opposes reverting to 62 as retirement age.
  • Bayrou supports reopening discussions on 2023 pension reform.
  • Unions and employers are tasked with proposing changes.
  • The government may proceed with the 2023 reform if no agreement is reached.
  • France's audit office projects future deficits even after reform.

Frequently Asked Questions

What is the main topic?
The main topic is the French Prime Minister's stance on not reverting to a retirement age of 62 amid ongoing pension reform discussions.
What are the unions and employers discussing?
Unions and employers are discussing potential changes to the 2023 pension reform to address funding deficits.
What will happen if no agreement is reached?
If no agreement is reached, the government plans to proceed with implementing the 2023 pension reform.

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