Retirement pensions left behind by inflation
Certainly, the pension increases in 2022 and 2024 were strong, corresponding to levels of inflation not seen in decades. But over twenty years, pensions have been left behind by price increases. The Cnav (Retirement Insurance) notes this in its latest series of statistical data: between the end of 2003 and the end of 2023, the pensions of retirees from the general system were revalued by 29,8% and theinflation was from 39%. Under-indexation, delayed indexation, or even the absence of indexation of pensions to inflation are among the savings options often mentioned, and implemented, by governments.
The practice had been ruled out by President Emmanuel Macron, but it remains discussed while France has a large deficit. This could be one of the challenges of the finance bills and Social Security financing bills – high-voltage texts given the numerous political uncertainties – which must be voted on by Parliament before December 31, 2024.
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