Calendar, amount, people concerned, cost… What we know about the revaluation of retirement pensions

The file was suddenly reopened. By announcing on Monday, November 11, the revaluation of pensions based on inflation in two stages next year, the boss of the Republican Right deputies, Laurent Wauquiez, brought this controversial measure of the draft social security budget to the forefront. . Invited on France 2 this Tuesday, November 12, the Minister responsible for Public Accounts, Laurent Saint-Martin, provided after-sales service by specifying the contours of this compromise found between the government and its allies in the Hemicycle. Le Figaro summarizes what we know about this measure.

What does this new version contain?

Originally, the executive's project aimed to postpone the revaluation of retirement pensions to July 2025, instead of January 1, 2025. A significant savings avenue, but contested by several political groups, on the left as well as on the left. RIGHT. An agreement was finally reached between the troops of Gabriel Attal and those of Laurent Wauquiez.

According to the explanations of the strong man of the right, the revaluation of pensions will ultimately be done in two stages. A first stage, at half of inflation, or around 0.9%, according to the figure put forward by Laurent Saint-Martin, will be effective on January 1, 2025 for all basic pensions. This will therefore concern the seventeen million French retirees. A second revaluation will take place in July 2025 as initially planned by the government of Michel Barnier, on the “small retreats”.

Who will be affected by this second revaluation?

The second revaluation on July 1 will concern “the most modest pensions” pour “protect them completely from inflation”declared Laurent Wauquiez on TF1 news, specifying that only those “below the minimum wage” would benefit from this second salvo. “It’s a reference that will speak to all French people, I gladly take it up”confirmed Michel Barnier on Tuesday, speaking of minimum wage «net».

This new version allows “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 responsible for Public Accounts. “For a retired caregiver, who receives 1000 euros of pension per month (…) this will represent a gain over the year of 200 euros”for his part affirmed Laurent Wauquiez, grateful “modest amounts”. More “for someone who has a small pension that counts”he justified.

According to the executive, a minority of retirees should thus be «protégés». “This concerns almost half of retirees, 44%, to be exact”said Michel Barnier.

How much will this measure cost?

The 6-month delay in the revaluation of pensions desired by Michel Barnier was initially expected to save 4 billion euros. The new formula desired by the Republicans forces the government to revise its calculations downwards. Its cost will be “between 500 and 800 million euros”, according to Bercy. The expense will vary “depending on the reality of inflation”expected at a low level this year, detailed Laurent Saint-Martin on France 2. Suspended from price growth, the savings linked to this measure should therefore ultimately be around 3 billion euros.

To finance this increased revaluation compared to the initial projects, the former president of the Auvergne-Rhône-Alpes region intends to seek “1 billion” in the rationalization of «bureaucracy administrative»in particular by merging certain organizations such as “France Strategy”, “the High Commission for Planning”, «France 2030»et “the Center for Prospective Studies”.

What are the chances of this measure being applied?

As the Social Security budget could not be examined within the time allocated to the Assembly, it was transmitted to the Senate, which will examine it from Wednesday in committee, then in the hemicycle from November 18 to 23. So that this revaluation of retirement pensions comes into force on January 1, 2025, an amendment will be tabled during the debates in the upper house. Parliamentarians will then have to agree to vote on it. In the event of rejection, Michel Barnier could well use article 49.3 and force the text through.