The CGT, a major French labor union, has criticized a recent report on pension reform for being biased, especially regarding proposals like the introduction of a "pivot age" and a "dose of capitalization." The report, authored by three guarantors—Jean-Denis Combrexelle, Anne-Marie Couderc, and Pierre Ferracci—summarizes the findings of a six-month social conference initiated by the Minister of Labor. This conference aimed to bring together various stakeholders to discuss potential pension reforms. However, the Medef, a prominent business group, did not take part in the discussions. Although the report does not represent an official reform plan, it could influence the policies of presidential candidates and serve as a foundation for future pension changes. The CGT argues that key proposals in the report were not adequately debated during the conference. Sophie Binet, a CGT representative, criticized the inclusion of ideas that were only briefly discussed, such as the creation of a "balance age" and the introduction of capitalization, which received just two hours of attention. Jean-Denis Combrexelle, one of the report's guarantors, defended the document, explaining that its authors aimed to present both areas of agreement and disagreement among different social groups and to suggest possible ways forward. The report discusses the debate over capitalization, a system where pension contributions are invested in financial markets rather than being paid directly to retirees. The business group Les entrepreneurs (formerly CPME) supports introducing capitalization, citing benefits such as increased confidence in the system, better investment of funds, and the existence of similar systems in large companies. On the other hand, opponents warn that capitalization could weaken the existing pay-as-you-go system, lead to lower pensions, increase inequality, and expose the system to financial market risks. The report also addresses the topic of retirement age. It opposes the removal of the legal retirement age, which was temporarily raised from 62 to 64 under a previous reform before being halted. The report suggests extending the minimum contribution period needed to qualify for a full pension, possibly increasing it from 43 to 44 years. It notes that more workers are retiring with reduced pensions and proposes increasing the penalty for early retirement to discourage it. Additionally, the report introduces the concept of a "balance age," similar to the "pivot age" from a previous, abandoned reform. Under this idea, a higher age would be set: those retiring before this threshold would face a penalty, while those retiring after would receive a bonus. The CGT general secretary claims this topic was not discussed in the conference and views the proposal as a "disguised way to delay the retirement age." The debate over pension reform in France reflects broader tensions between different groups over how to ensure the long-term sustainability of the system while protecting workers' rights. The report’s proposals, whether accepted or rejected, may shape the direction of future policies and influence political agendas as the country moves toward the next election.