The French Parliament on Wednesday adopted closely-watched reforms on the country's pension system to plug a pension deficit.
The reform will extend the contribution period in private and public sectors from 41.5 to 43 years by 2035. It also entails an overall increase of 0.3 percent of employee and employer contributions in four years.
"We are at a very important moment in politics now," said French Prime Minister Jean-Marc Ayrault, "This is a real reform that will save us from danger and risk."
Still, the reform is considered not bold enough by international economic institutions, and drew doubts from opposition parties.
"This text of social regression guarantees neither the future nor the justice of our pension system. Instead, it weakens," said Marc Dolez, the speaker of the Left Front group.
The Union for a Popular Movement (UMP), which proposed to delay the retirement age to 65, also considered the reform too conservative, and has announced that it would file an appeal with the Constitutional Council.