
OPINION: After a 7-year battle, France might be about to compromise on pension age
Something strange is happening in the malevolently paralysed world of French politics. A sensible compromise might emerge on pensions.
After seven years of denial, hyperbole and anger, President Emmanuel Macron's efforts to reform the state pension system could finally be removed from the national conversation. Or rather from the national argument.
The employer-union 'conclave' on pensions invented by the Prime Minister, François Bayrou in February, was due to end on Tuesday. The talks have been extended until Monday. There is a possibility – not yet a certainty – that they will reach a conclusion.
The conclave was asked to look again at the increase in the official retirement age from 62 to 64 imposed by President Macron two years ago. Two of the more radical trades union federations walked out almost immediately. They insisted on a return to an official pension age of 62 (even though other EU countries are moving towards 66 or 67).
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Three more moderate (ie sensible) union federations remained. They have agreed reluctantly to accept the official age of 64 in return for concessions by employers on early retirement for workers in tough jobs and better pensions for women with careers interrupted by motherhood.
The details are still causing a problem. There is also an unresolved argument about how to keep the state pension system solvent. The unions want employers to pay more; the employers want pensions to be frozen for a year.
All the same, this is a significant moment. For three years, Left and Far Right and all trades unions have declared any increase in the retirement age to be an act of supreme wickedness. Over 70 percent of the French population agreed with them. There were huge demonstrations. Innocent bus-shelters were smashed.
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The pensions row was one of the principal reasons why Macron failed to win an overall parliamentary majority in 2022. It was one of the main reasons why his reckless decision to call a snap election a year ago further reduced his strength in parliament and left France with minority, unstable governments to confront deepening state budget deficits and an increasingly threatening world.
Now the largest trade union federation, the Confédération Française Démocratique de Travail (CFDT) and two smaller ones the CFTC and CGC, have agreed in principle that 64 should be France's official retirement age. This opens up the possibility – not the certainty – that the pensions row can fade away until the demographic logic of an ageing population raises the need to move to 66 or 67 in a few years' time.
All could still blow up in the government's face. The pensions conclave was invented by Prime Minister Bayrou as a way of buying the abstention of the Socialists in a censure vote on his 2025 budget in February. It was one of the concessions he made to escape the fate which befell Michel Barnier two months earlier.
The Socialists hoped, or pretended that they hoped, that the conclave would propose a return to 62 – or at least 63 – as the official retirement age. They won a promise from Bayrou that any changes proposed by the union-bosses talks, or even changes not quite agreed, would be presented to parliament in a draft law.
There is an obvious danger that a bill of this kind will be amended by the anti-government Left and Far Right majority in the National Assembly to impose a return to an official pension age of 62 (and damn the fiscal consequences). Left and Far Right could argue that they were merely repairing the alleged crime against democracy of Macron's decision to use emergency, constitutional powers to impose the pension reform in March 2023.
If Bayrou tries to slide out of his promise, he could face a censure motion and the collapse of his minority Centre and Centre-right government late this month or in the first few days of July. Anyone for ANOTHER parliamentary election?
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More likely, Bayrou will delay pensions legislation until the Autumn when his government faces censure on his 2026 deficit-cutting budget in any case. Both the Socialists and the Far Right will then face a dilemma. Will they join the harder Left in bringing down another government? If so, will it be on pensions or the budget?
I suspect the Far Right WILL censure the government this Autumn. So will the hard Left. The Socialists remain split between their would-be radical and would-be constructive camps despite the re-election last week of the non-constructive Olivier Faure as first secretary. A significant chunk of the 66 Socialists might be enough to deliver the 289 out of 577 votes required to bring down a government.
In any case, I expect that the Autumn censure crunch will come on the budget, not pensions. It will be difficult for Marine Le Pen and the Socialists to justify wrecking a pensions deal approved by the employers and moderate unions.
Bayrou's pensions conclave was mocked by many including me. If a deal is reached on Monday (still a biggish IF), it will have achieved something significant.
It will have taken the absurdly exaggerated poison of pensions reform out of French politics until… the next time the retirement age needs to be increased, probably circa 2030.

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