While the government had proposed to postpone the indexation of pensions to inflation by six months to save around four billion euros, they should ultimately be revalued by half of inflation to January 1. The announcement was made on Monday November 11 by Laurent Wauquiez.
The president of the Republican Right group (ex-LR) in the Assembly thus assured that he had found a compromise with the executive so that
“all retreats” are revalued from the
“half of inflation” from January 1, with a second catch-up being planned for the smallest six months later. Invited to the TF1 news, the politician declared:
“There will be an increase in pensions from January 1 for all pensions. It will be approximately half of inflation.”
“All retreats” will be revalued on January 1, 2025
“On July 1, there will be a second increase, this time for the most modest pensions, to fully protect them from inflation”he added, specifying that only those “below the minimum wage” would be entitled to this second measure.
An amendment along these lines should be tabled during the debates on the Social Security budget in the Senate. As for the benefits of the measure, Laurent Wauquiez quantified them as follows: “For a retired caregiver, who receives 1,000 euros of pension per month (…) it will represent a
gain over the year of 200 euros“he reported, noting that “for someone who has a small pension, that counts.”
All pensions will be increased by 0.9%
This Tuesday, November 12, Laurent Wauquiez’s announcement was confirmed by the Minister of the Budget, Laurent Saint-Martin. The measure would cost up to 800 million euros.
“As of January 1, all pensions will be revalued to
height of 0.9%probably, that is to say half of inflation – we will see exactly what the estimate on inflation will be. (…) And on July 1, 2025, there will be a catch-up for all pensions which are below the minimum wage level so that there is no loss of purchasing power.declared Laurent Saint-Martin on France 2. Before detailing: “Depending on the reality of inflation, this may vary and we will effectively be between 500 and 800 million euros returned to small pensions.”
photo credit: Shutterstock The measure would cost up to 800 million euros
A method of consultation on the question of pensions
Moreover, Laurent Saint-Martin indicated that he knew that this announcement would be made by the president of the Republican Right.
“The Prime Minister has said since the start of this government that we want a consultation method with this coalition which is this majority base in the National Assembly and the Senate, and that there can be changes to the text”he added.
The entourage of the head of government also declared to Agence France-Presse: “The Prime Minister is
open to compromise. They discussed this subject with Laurent Wauquiez and he will have the opportunity to give details soon.”
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