The social partners will increase supplementary pensions for private sector employees, while the government has just announced that it is postponing the revaluation of general system pensions until July 1st.
The social partners will increase supplementary pensions for private sector employees (Agirc-Arrco) in a range of 1.5 to 1.7%, a source close to Agirc-Arrco indicated on Thursday. “The decision” on the exact amount of the annual revaluation “will be taken on Tuesday” by the board of directors of Agirc-Arrco, this source told AFP.
Agirc-Arcco pensions are increased at the beginning of November, taking into account in particular the inflation rate (1.8%), and various factors such as the financial reserves available to the plan.
An increase of 1.5% would cost 1 billion per year to the parity system, managed by unions and employers. A revaluation of 1.7% would cost 1.7 billion. A year ago, Agirc-Arrco increased its pensions by 4.9%.
When Élisabeth Borne threatened to drain the regime
In the fall of 2023, the good financial health of the Agirc-Arrco regime aroused the desire of the Borne government, which had threatened to drain the regime to rebalance the accounts of the universal regime and finance in particular the increase in small pensions provided for by the reform of retirements.
Employers and unions vigorously opposed this project, which was ultimately never carried out. In 2023, Agirc-Arrco had paid 92.4 billion euros to its 14 million pensioners, or 5.9 billion more than in 2022.
The government, for its part, has just announced that it is postponing until July 1 the revaluation of general system pensions scheduled for January 1, a measure which will allow it to save 4 billion euros for the Social Security budget in 2025.
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