Retirement pensions will be revalued in January “up to half of inflation“, confirmed this Tuesday the Minister responsible for the Budget and Public Accounts, Laurent Saint-Martin. There will then be a catch-up in July. Monday evening, Laurent Wauquiez, president of the Republican Right group of deputies (ex-Les Républicains), announced that he had found a compromise with the government for a revaluation of the “half of inflation” of “all retirements” from January 1st.
Initially, among its savings options for 2025, the government had proposed, as part of the examination of its Social Security financing bill, postpone the indexation of pensions to inflation by six months (from January 1 to July 1) to save around four billion euros. A measure criticized even by supporters of the Barnier coalition in the Assembly.
A first revaluation “up to half of inflation” in January
The revaluation planned for January 1 will concern “all pensions“indicates the Minister of the Budget. She will rise “up to half of inflation”“around 0.9%”depending on the level of inflation, he said.
A catch-up in July
A second revaluation will take place in July. “As of July 1, 2025, there will be a catch-up for all pensions which are below the minimum wage levelso that there is no loss of purchasing power and that it is the equivalent of a year indexed to full inflation for these retirees”detailed the minister.
A cost of between “500 and 800 million euros”
These pension increases will have an estimated cost between “500 and 800 million euros” for public finances, depending on the amount of the revaluation, based on inflation. This will reduce the expected savings to 3 billionspecified Laurent Saint-Martin.
