Around 600,000 general scheme retirees had already seen their pensions increase during a first wave of revaluations in autumn 2023.
The second wave of revaluation of “small pensions” planned as part of the pension reform will concern “850,000 people” and will take place at the beginning of October, indicated Tuesday to the Parisian the general director of Cnav, Renaud Villard. “We will pay the increase planned for 850,000 people”explains Renaud Villard. “They will receive two types of payments: around September 25, the catch-up over one year of the increase that they should have received since September 1, 2023”at the time the reform came into force. “And on October 9, their pension increased”he explains.
“Those affected will receive an average of 600 euros in retroactivity, i.e. a catch-up over twelve months. As for the revaluation of their pension, it will be 50.94 euros on average and will apply every month. Information letters will be sent from September 9th.”continues the director of the Cnav, thus specifying announcements made last week. The contested pension reform has revalued the “minimum contributory” (Mico), a support system for small pensions, so that they reach at least 85% of the net minimum wage, for an employee who has completed a full career at the minimum wage.
Strengthening the social aspect of the reform
The government introduced this measure to strengthen the social aspect of a reform pushing back the legal retirement age to 64, compared to 62 previously. Around 600,000 general scheme retirees had already seen their pensions increase during a first wave of revaluations, in the fall of 2023, when the reform came into force, recalls Renaud Villard. But “For retirees who left before 2009, 20, 30 or 40 years ago, it was necessary to reconstruct their careers, sometimes even by searching through paper archives.”he explains.
Asked about the fate of the pension reform, a key issue in the negotiations for Matignon, he also underlines that “whatever decision is a political one, Retirement insurance will apply the law”. While ensuring that you are ready to adapt “in all scenarios”while “Since September 2023 and by the end of 2024, around 840,000 people will have left under the rule of the new reform”he adds that, “More pragmatically, we should avoid the timetable being too abrupt to be able to implement it correctly because in the end, it is the policyholders who will suffer.”.
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