Abstract
The organization of France’s pension schemes could be significantly transformed starting in 2022 with the gradual introduction of a system of universal pension points, without altering the current pay-as-you-go financing. This systemic reform, which was initially approved by the National Assembly on 5 March 2020 after the government invoked Article 49.3 [which strengthens the government’s power to compel adoption of legislation], was subsequently suspended by President Macron on 16 March 2020 due to the Covid-19 crisis. As a result, the future of this key reform of Macron’s five-year mandate is uncertain. The issue of pensions has nevertheless been placed at the heart of the country’s public debate.
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