The axing of the 2023 reform — which would have seen the retirement age raised from 62 to 64 — will cost millions of euros.

Prime Minister Sébastien Lecornu, whose fate is in he hands of the Socialists, agreed to one of their key demands in a policy speech to Parliament.

French Prime Minister Sebastien Lecornu on Tuesday suspended a landmark 2023 pension reform until after the 2027 presidential election.