End of suspense. Pension reform will be suspended until the next presidential election in 2027, and even until January 1, 2028. This is the main announcement to remember from the general policy speech delivered by the Prime Minister this Tuesday, October 14, a speech during which Sébastien Lecornu declared that he would propose “in Parliament this fall that we suspend the 2023 pension reform until the presidential election”. A measure which must be examined by deputies and senators as part of the Social Security financing bill (PLFSS) for 2026, presented today to the Council of Ministers.
So, “no increase in age will take place from now until January 2028”specified the tenant of Matignon. Concrete translation: the legal retirement age, which must gradually increase from 62 to 64 years according to the conditions of the 2023 pension reform, will remain frozen until 2028. But at what age? No doubt, the limit to remember is that of 62 years and nine monthsi.e. that in force for workers born in 1963. It will therefore be the same for those born in 1964, who will be able to liquidate their pension from 2026 and will not see their legal retirement age increase to 63 years, just like those born in the first quarter of 1965, for whom the minimum age will remain at 62 years and nine months, compared to 63 years and three months if the reform had not been suspended.
170 quarters to validate for a full-rate retirement
But the impact of the suspension of the pension reform is not limited to the legal retirement age. “In addition, the insurance period will also be suspended and will remain at 170 quarters until January 2028”also decided Sébastien Lecornu. Also, the number of quarters to be validated to liquidate its retirement with full rate (without discount) will remain fixed at 170 quarters for the 1963 generation like that born in 1964, which should have seen it rise to 171 quarters. Here again, policyholders born at the start of 1965 will also benefit from the suspension of the reform, since they will also have to validate 170 quarters, compared to the 172 initially provided for in the text.
According to the Prime Minister, “ultimately, 3.5 million French people” will benefit from this suspension, at a cost of 400 million euros in 2026 and 1.8 billion euros in 2027.
