New automatic revaluation of the minimum wage by 2.01%, booklet A by 2%, popular savings book by 4.6%, revalued social benefits, revaluation of the index point for civil servants… Specific purchasing power measures between effective Monday.
Livret A at 2% and popular savings account at 4.6%
In mid-July, Bruno Le Maire indicated that he would follow the recommendation of the Governor of the Banque de France, François Villeroy de Galhau, to double the Livret A rate to 2% from August 1, the highest level since almost ten years. In February, the Livret A fee doubled, from 0.5%, a historic low, to 1%. If this increase seems like good news for French savers, we should not forget that the rate, even if revalued, will remain much lower than inflation.
The popular savings account rate (LEP) will increase from 2.2% to 4.6%. ” LEP is the most effective investment to protect against inflation. But this is not enough to know! 15 million of our countrymen have the right to open a LEP and less than half have it “, said the Minister of Economy.
Increase in the minimum wage of 26 euros net
Inflation increased to 5.8% for a year in June, showed INSEE on 13 July, confirming the first estimate published at the end of June, which will lead to a new automatic revaluation of the minimum wages of 2.01% on 1 August.
The minimum wage will increase by 2.01% to €1,329.06 net per month for full-time work. If we consider the hourly minimum wage, from €8.58 to €8.76.
This automatic revaluation – it is not an improvement – is the fourth increase in Smic in less than a year, the last one happened on May 1, with an increase of 2.65%.
Social benefits are revalued
The government has chosen to increase by 4% the number of social benefits such as Disabled Adult Allowance, Active Solidarity Income or family allowances. The deputies validated this revaluation of pensions and social benefits and the deconjugalization of the disabled adult allowance (AAH).
In detail, this measure is particularly related to retirement and disability pensions from the basic methods, which automatically increased by 1.1% in January. Also affected by this measure, family allowance and social minimum, which is the active solidarity income (RSA), the AAH, the solidarity allowance for the elderly (Aspa) and scholarships based on social criteria for students. Some of these social benefits have already increased by 1.8% in April.
These increases will have a retroactive effect and will be applicable from July 1st.
Change in index point of civil servants
At the beginning of July, Olivier Véran, the government spokesman, announced a 3.5% increase for all public service employees. ” This is the largest increase in public service index points in 37 years. As of July 1, 2022, public officials will no longer be paid up to the minimum wage “, he declared.
The index point makes it possible to calculate the salaries of 5.6 million public officials. Since 2010, it has been frozen, except for two increases of 0.6% in 2016 and 2017. So this is really the biggest increase since 1985 and like social benefits, this increase has a retroactive effect and will be available from July 1.
Tripling of the Macron bonus
From August 1 and until December 31, owners can pay the “Macron bonus” introduced in 2019 during the crisis of the yellow vests, the ceiling is raised to 3,000 euros or 6,000 euros if there is an agreement. or for companies with small amounts. than fifty employees and between 1,000 and 3,000 euros for others. This tax-free bonus is paid by companies to employees who earn up to three times the minimum wage.
A new health law
Parliament fully adopted on Tuesday, through a final vote in the Senate, a bill that clearly ends the health pass and other extraordinary measures against Covid-19 on August 1, but provides for the possibility in a forced test for boundaries.
The bill provides for the apparent repeal from August 1 of the emergency regimes – state of emergency and health crisis management. ” If there is a health crisis in the future, if the government needs extraordinary powers, it must negotiate with Parliament “, said the rapporteur LR Philippe Bas.
The only reservation is that the government may impose, in very specific cases, a negative Covid screening test when traveling in the direction of French territory and for trips abroad. This travel health certificate can only be activated for international travel if there is an appearance of a more dangerous variant of Covid in a country. Or for trips to communities abroad when there is a risk of hospital saturation.