France's opposition Socialist Party says any savings from cutting pensions in overseas territories need to be reinvested there.
The comment by the party's Victorin Lurel follows an announcement by President Nicolas Sarkozy who plans to do away with the up to 75 percent boost to pensions of those who retire in New Caledonia and French Polynesia unless they have worked there.
Mr Lurel says the reform should neither punish pensioners in overseas territories nor cut investments in overseas territories.
The government says the pension bonuses will cost about 500 million US dollars this year while it remains difficult to control if the recipients adhere to the residency requirements.
