Pension reform: the CGT "intends to modify" the report which advocates a further postponement of the retirement age

"This report is not final. It must be validated by" all members of the Pensions Advisory Council, including the social partners. It will meet "this Thursday and [...] the CGT intends to amend it because its summary [...] is not acceptable," she added.

In the document, the body chaired by economist Gilbert Cette revises the pension system's projected deficit in 2030 downwards (€6.6 billion) but upwards in the long term (2070). It primarily assesses four avenues for rebalancing the accounts, showing in a more favorable light the option of "raising the retirement age, which allows for an increase in employment rates."

This stance by the COR, as negotiations to rediscuss the highly contested 2023 reform are taking place until June 17, has sparked a backlash from unions, who continue to fight to reverse the 64-year age limit established by the reform. "The macroeconomic scenarios, the main elements of the report are accurate and interesting, and we need to talk about them," Sophie Binet emphasizes.

"What we need to act on is revenue. We need to increase revenue to finance our pension system, particularly in the public sector," the union representative emphasizes, citing "a variety of solutions" such as "increasing wages," "eliminating wage inequalities that discriminate against women," or "increasing the employment rate, particularly for seniors."

The CGT, however, remains "fundamentally opposed" to the introduction of a capitalization component to finance pensions, she recalled.