France pension reform caps earnings for retirees in 2027

From 1 January 2027 France will tighten the rules on combining work and retirement. Income earned while working before reaching the legal retirement age of 67 will be limited to €7,000 gross per year; any amount above this threshold will be reduced by 50 % in the pension calculation. Full pension accumulation and the right to a supplementary pension are only possible after age 67, and retirees must have liquidated all pension rights before starting a cumulation.

For 2026 the ceiling for the basic pension has been indexed to €48,060 annually (€4,005 per month). In addition, the law caps pension payments at half of the monthly ceiling, i.e., €2,002.50 gross per month, to stabilise the pension system’s finances.