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To cope with rising prices, retirees are counting on the increase in pensions. Beneficiaries of the Agirc-Arrco supplementary pension first benefit from this revaluationbefore that concerning the basic pension.
But this year we have two bad news. The date of the increase for Agirc-Arrco pensions is approaching. And the first bad news with it. It precedes other information that angers seniors. And for good reason, the government wants to save money. One idea is therefore to penalize retirees.
Supplementary pensions: increase in Agirc-Arrco allowances
In addition to their basic pension, former employees in the private sector receive a supplementary pension managed by Agirc-Arrco. They receive this pension at the beginning of each month. It represents valuable financial support, particularly in times of inflation.
Throughout their career, employees contribute to this plan via a points system, distinct from the contribution mechanism for the basic pension. Notably, certain periods of non-work, such as unemployment, also allow you to accumulate points.
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One of the great advantages of this supplementary pension is its annual adjustment according to inflation. An adjustment which thus protects former employees against economic hazards and preserves their purchasing power.
A revaluation on par with last year?
Last November, retirees benefiting from Agirc-Arrco benefited from a notable increase of 4.9%. This was the consequence of an exceptional economic context. Remember, inflation was close to +6%. This revaluation aimed to compensate for the drop in purchasing power.
However, in 2024, the economic situation will no longer be the same. Since the start of the year, inflation has slowed its crazy course. It is finally below the +2% mark. This suggests a much more modest increase in pensions, probably close to this rate.
Furthermore, during previous social negotiations, it was agreed that the increase in pensions would be 0.4 points lower than the inflation rate. According to initial estimates, the revaluation could therefore oscillate between 1.3% and 1.6%, far from that of last year.
For retirees, this news is disappointingas many hoped for an increase similar to that of 2023.
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A second bad news
Fortunately, private sector retirees will not benefit from a single increase. Indeed, basic pensions will also see an annual increase. Logically, this revaluation must take place in January. But the government could decide otherwise. One of the ideas of Michel Barnier, the Prime Minister, is to move the date to July 2025.
This is very bad news for two reasons. First, it postpones an increase in pensions for retirees by six months. Afterwards, the revaluation is based on inflation over the last twelve months. However, since inflation continues to fall, the increase in July will undoubtedly be less significant than the increase in January.
It’s a double whammy for retirees who don’t hear it that way. They refuse that the government is sacrificing them because of poor management of public finances. Unfortunately, if the Prime Minister opts for this solution, they will only be able to accept it.
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