French Senate voted to approve the controversial project to raise the retirement age, which caused a wave of widespread demonstrations in France.
The French Senate approved the bill to raise the retirement age, after reviewing the amendments, with 195 votes in favor and 112 against, coinciding with the participation of up to one million people in more than 200 marches across the country.
The draft law provides for gradually raising the legal retirement age from 62 to 64 years, by 3 months annually, as of September 1, 2023, until 2030.
It also provides for an increase in the period of required social security contributions from 42 years to 43 years in order for the retiree to receive his full retirement pension, that is, without any deductions.
The government is counting on this reform to ensure the financing of the social security system, which is one of the pillars of the French social model.
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