The planned reforms would require employees to work for a minimum of 41.5 years to qualify for state pensions, a year longer than presently, the BBC reported Saturday.
The reform plans have angered French labor unions.
The BBC said union leaders have called for a national strike day Oct. 16.
Another proposal would raise the age to receive a full state pension to 67, the report said.
France's budget deficit of 7 percent of gross domestic product is above the 3 percent target set by the European Union, but is less than some EU members, including the UK, Greece, Portugal, Ireland and Spain, the BBC said.