The president of this independent body attached to Matignon estimated Monday that the situation would further widen the deficit in the pension system.
Published on 06/01/2025 19:47
Updated on 06/01/2025 20:12
Reading time: 1min
He is sounding the alarm. The president of the Pension Orientation Council (COR), Gilbert Cet, warned, Monday January 6, that the deficit in the pension system “should deepen”. “Our latest screenings” official, from June 2024, “reported a deficit of 0.4% of GDP in 2030, which increased in the longer term to 0.8% of GDP”, recalls the boss of this service attached to the government, in an interview with the economic daily Les Echos. The current situation is now “more unfavorable” that during these forecasts, “the pension system deficit should therefore widen, unless of course new legislative or regulatory measures”he adds.
Asked about a possible contribution from retirees to limit the system's deficit, he recalled that he had “personally raised the possibility of removing the 10% tax reduction on pensions”. “It would be a strong measure, with an annual return of around 4 billion euros, and fair since the most modest pensions would not be affected”he continues.
At the end of December, the Prime Minister, François Bayrou, proposed to political and union forces to reopen a discussion on the much-criticised pension reform of 2023 – which notably raised the legal retirement age from 62 to 64 years – but without the suspend or freeze it. These discussions could last “until summer”he said, without detailing his method or the precise timetable.
