The French Polynesian government says as a general strike looms it will re-examine the proposed text before it is submitted to the territorial assembly.
The government's spokesman Jean-Christophe Bouissou said, however, the government could not shy away from its responsibilities.
Unions have for weeks spoken out against the reform and this week warned that they will hold a general strike next Thursday to back their demand that the current proposal be dumped.
To ensure the system's continued viability, the government proposed to raise the retirement age next year from 60 to 62.
The proposal also requires those seeking to have a full pension to contribute to social security for 38 years and not for 35 as now.
Last month, the president Edouard Fritch said that failing to reform the system would make it impossible to assure all pensions will be paid after 2020.
His government planned to push through the reform before the territorial elections in April but the bill is yet to be put on the assembly agenda.