French Senate Approves Controverisal Pension Reform Bill
Paris, France (AHN) – The French Senate on Friday approved a controversial pension reform bill by a vote of 177-153. Now it is up to a conference committee of seven senators and seven members of parliament to hammer out differences between the Senate and National Assembly versions of the bills.
The committee is scheduled to meet early next week. After differences are hammered out, the final bill will go back to the Senate and National Assembly for a final vote on Tuesday or Wednesday.
Under the legislation, the minimum retirement age will increase from 60 to 62, while full retirement age will increase from 65 to 67. Proponents have said the changes are necessary to keep the pension system solvent. The pension reforms are part of a plan to cut France’s deficit from 8 percent of gross domestic product to 6 percent of GDP.
Protests over the proposed pension reforms have seen millions of people take to the streets to demonstrate while striking members of labor unions shut down oil refineries.
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