right-wing MPs and the government agree to increase all retirement pensions by “half inflation” on January 1

“On July 1, there will be a second increase, this time for the most modest pensions” to “protect them fully from inflation”, also explained Laurent Wauquiez on TF1, Monday evening.

Published on 11/11/2024 22:36

Updated on 11/11/2024 23:34

Reading time: 2min

Laurent Wauquiez, president of the Republican Right group (ex-LR) in the Assembly, at the Palais Bourbon on October 2, 2024. (XOSE BOUZAS / HANS LUCAS / AFP)
Laurent Wauquiez, president of the Republican Right group (ex-LR) in the Assembly, at the Palais Bourbon on October 2, 2024. (XOSE BOUZAS / HANS LUCAS / AFP)

An interesting announcement for retirees' wallets. The president of the Republican Right group (ex-LR) in the Assembly, Laurent Wauquiez, assured Monday November 11 on TF1 that he had found a compromise with the government so that “all retreats” are revalued from the “half of inflation” from January 1, with a second catch-up for the smallest six months later. “For a retired caregiver, who receives 1000 euros of pension per month (…) this will represent a gain over the year of 200 euros”said Laurent Wauquiez.

Among its savings avenues for 2025, the government had proposed as part of the examination of its Social Security financing bill to postpone by six months (from January 1 to July 1) the indexation of pensions on inflation to save around four billion euros. A measure criticized, including among supporters of Prime Minister Michel Barnier's coalition in the Assembly, while debates on the 2025 budget are underway in parliament.

“There will be an increase in pensions from January 1 for all pensions. It will be approximately half of inflation”declared Laurent Wauquiez on TF1 news. “On July 1, there will be a second increase, this time for the most modest pensions” pour “protect them completely from inflation”he continued, specifying that only those “below the minimum wage” would benefit from this second measure.

What Laurent Wauquiez announced is the result of work carried out between his group and the government allowing us to reach the compromise presented by Laurent Wauquiez this evening.the Budget Minister’s entourage confirmed to franceinfo.

To finance this revaluation, which would cost according to Laurent Wauquiez “between 500 million and a billion” euros, the former president of the Auvergne-Rhône-Alpes region intends to seek “a billion” in the rationalization of “bureaucracy administrative”in particular by merging certain organizations such as Stratégie, the High Commission for Planning, France 2030, and the Center for Prospective Studies.

-

-

PREV Handful of countries responsible for climate crisis, top court told | Climate crisis
NEXT Charlotte (Koh-Lanta, The Cursed Tribe) explains why she didn't want Ilyesse to be in the final