Suspension of Borne 2023 reform

The Borne 2023 reform, which aimed to gradually raise the legal retirement age and increase the number of paid quarters required to retire at full rate, has been suspended. This suspension was decided during the Social Security budget vote last year and has delayed the reform's implementation.

Delayed retirement changes

The delay pushes the changes related to the legal retirement age and the number of paid quarters to January 2028. As a result, the generation born in 1964 can now retire at 62 years and 9 months, as previously planned for an earlier generation, instead of the 63 years that had been set by the reform.

Impact on retirement requests

The change has led to a significant increase in retirement requests. The National Pension Insurance Fund (Cnav), which covers private sector employees and self-employed individuals, reported a "very strong" rise in applications this year. From January to September, 46,000 phased retirement grants were issued, compared to 22,000 in the same period last year.

Phased retirement explained

Phased retirement allows individuals who are 60 years old and have paid 150 quarters to work part-time while receiving a portion of their pension. The benefit is proportional to the time they are not working. This option was long considered marginal but was strengthened by the Borne 2023 reform.

Employer obligations and processing times

The reform made phased retirement mandatory for employers, who can no longer refuse such requests except for legitimate reasons. Despite the large number of applications, processing times have not worsened, and more than 95% of insured individuals receive their pensions on time, according to Paul Bazin, the new director of the Pension Insurance Fund.