Agirc-Arcco supplementary pension: here is the revaluation planned for November!

Inflation has reached critical levels. The state is doing everything it can protecting the purchasing power of the French. Moreover, a law was made for this purpose. In this text, the French can be happy to re-evaluate many aids. In particular the basic pension of 4%.

However, many unions consider that the basic pension is insufficient. You should know that for some private sector employees, this represents only 50% of their pension. Fortunately, a revaluation of the supplementary pension is planned. Discussions are ongoing for enter a new value.

An imbalance between pension schemes

Emmanuel Macron promised increase the retirement pension. Did he keep his promise? The answer is yes. At least in part.

Partly because the revaluation included in the purchasing power law does not apply to all plans. This 4% revaluation What the government offers is only related to basic pensions.

In addition, the Minister of Economy, Bruno Le Maire, it is clarified :

“It is up to the social partners to upgrade the supplemental pensions. We will increase the basic pension. »

This situation increases the imbalance between the regimes. In fact, the employees are managed by the public system more advantageous than the private sector. Note that more than 90% of civil servants’ pensions are basic pensions.

For former employees in the private sector, this is only representative 70% or even 50% for executive employees. With our colleagues from Figaro, Valérie Batigne, founder and president of Sapiendo, a company specializing in retirement, criticizes it:

“The revaluations due to inflation remind us again of the differences in treatment between the schemes and the laws. It widens the gaps between the regimes with the obligation of financial balance and others. »

He added that it creates “differences between French”. So, we can say justno revaluation for supplemental pensions, the imbalance that existed before is even greater.

Source: Pixabay

Supplementary pensions: when is the revaluation?

Now, one thing is certain: the revaluation promised by the government will not be included no supplemental pensions. There is also no revaluation before the time.

In fact, according to our Parisian colleagues:

“The social partners in charge of Agirc-Arrco, the additional pension for private sector employees, will remain on the planned schedule, giving an increase on November 1. »

Fortunately, this date is not very long. Moreover, at the time we wrote these lines to you, for Agirc-Arrco, discussions are already underway. It started on September 13.

This meeting is over the revaluation percentage which will be effective on November 1, 2022. We already know the date, but the real question is how much it will increase. For this, here are the rules about it.

Supplementary pensions: the rules to know

These rules were adopted by the national interprofessional agreement in 2019. This text specifies that the revaluation of supplementary pensions that is done every year calculated based on:

“Average annual salary of the nationals of the scheme estimated for the current year with less of a continuity factor calculated so that, in practice, the value of the point service changes at least as much as the prices of consumers excluding tobacco, if the evolution of prices is not greater. than wages. »

For the average salary and the evolution of prices, the figures considered are those published by INSEE (National Institute of Statistics and Economic Studies). We all know the situation, the evolution of prices is higher than the average wage. One thing is for sure, the price increase will be fixed compared to the average salary.

The number proposed by Agirc-Arrco

On September 13, the technical and financial committee of Agirc-Arrco proposed a revaluation of 4.8%. Needless to say, this is not definitive. It’s more for opening debates.

Regardless, this increase respects the rules and does not conflict with the set financial goals. These goals are intended to be sustainable Reserves are always more than 6 months.

A retirement reserve which, in addition, to payments until December 2023. More specifically, at the end of 2023, Agirc-Arrco must ensure that it has a reserve that can pay for 6 months of retirement.

As expected, the debates will take place in the coming weeks. Still, many have announced their position. It seems to be a patronage agree with this suggestion.

Eric Chevée, from the Confederation of Small and Medium Enterprises (CPME), said:

“A rule is set in the national interprofessional agreement and therefore we must refer to it. »

However, trade unions have too gave their opinions.

piggy bank
Source: Pixabay

The proposals of the union

Unions agree on one point. In the face of inflation and imbalances in the current regime, more help is needed for supplemental pensions. Pierre Roger of CFE-CGC confirms this:

“We have to see how much it can be a little higher than the numbers announced while staying on the nails of the regime”

Pascale Coton of the CFTC added:

“We must support the purchasing power of retirees”.

As for Michel Beaugas of Force Ouvrière, complete:

“Especially since last year, an effort has been requested by retirees. »

Counterweight to last year’s stagnation

Last year, inflation 1.5%but the revaluation of supplementary pension is fixed at 1%. This is why, this year, an upgrade to 0.1% much more needs to be done. This increases the rate of 4.9%.

Even better, Pierre Pluquin of the CGT recognized that the rules were established during the interprofessional agreement of 2019. However, this rule should be changed according to him. He added thatwe don’t have much time To do that.

“But if we don’t want retirees to lose purchasing power, the increase should be closer to 6%,” said Pierre Pluquin.

These are all just opinions, nothing has been decided yet. Discussions can become more stormy between unions and employers within the structure of the office and board of directors of Agirc-Arrco. According to Capital, the exact numbers should be ratified by October 6.

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