French Senate votes to raise retirement age to 64
Protesters hold a banner during a demonstration against French government’s pension reform plan in Paris as part of a day of national strike and protests in France, January 31, 2023.
Gonzalo Fuentes | Reuters
French senators early on Thursday voted in favour of raising the legal retirement age to 64 from 62, a first win for President Emmanuel Macron’s pension reform plans which have sparked protests and strikes across the country.
Two hundred and one members of the Senate, dominated by the conservative Les Republicains party, voted in favour of the reform’s flagship article 7 on the retirement age, while 115 voted against it.
The French upper house is expected to approve the remaining articles of the reform bill later this week. It will then be submitted to a mediation committee between lawmakers from the Senate and the National Assembly, the lower house of parliament, next week.
The latter had not been able to discuss the article 7 of the law during a 15-day long tense debate marred by insults and jeers.
The government is hoping the pension changes will be adopted by parliament by the end of the month.
But Macron lacks an outright majority in the National Assembly and will need to win over several dozen conservative lawmakers or use his constitutional powers to bypass parliament.
:max_bytes(150000):strip_icc():format(jpeg)/INV_PrivateCredit_GettyImages-1374879082-ec2de320ad9d4d2eab8146667dc16624.jpg "Small Business Financing: Debt or Equity?")
:max_bytes(150000):strip_icc():format(jpeg)/CanaHomeEquityLoanEnterForeclosure-8f8bcdaf7418472d92ace14057730f9c.jpg "Can a Home Equity Loan Enter Foreclosure?")
:max_bytes(150000):strip_icc():format(jpeg)/rothconversion-6f41f06aa7ae4425bb53ac3116db6906.jpg "Roth IRA Conversion: How It Works, Plus the Pros and Cons")
