Overview
- The bill pauses the 2023 increase in the retirement age to 64 until after the 2027 presidential election.
- Socialists backed the measure after securing concessions, while the far right and hard left opposed it and parts of the center-right balked.
- The text now returns to the Senate, where leaders have signaled opposition to suspending the retirement overhaul before it circles back to the lower house.
- Passage averts an immediate funding hole the government warned could swell to about €30 billion for health, pensions and welfare programs.
- To hold the welfare deficit near €20 billion, at least €4.5 billion was shifted from the main budget, raising questions about deficit targets as a separate 2026 state budget vote looms this month.