2024-10-12 06:53:00
Private sector retirees will soon see their pensions increase. Next Tuesday, the employers and unions which manage Agirc-Arrco, the compulsory supplementary pension scheme for private sector employees, should take note of a revaluation of these pensions from the month of November which cannot be higher than 1, 8%.
This Friday afternoon, the social partners had not yet agreed on the level of increase in pensions paid to some 14 million people. Their room for maneuver is, however, known. Because last year, employers and unions agreed that – by default – pensions must evolve a little slower than inflation (by 0.4 points) between 2024 and 2026.
Pension freeze
With inflation expected, since this Thursday, at 1.8% for 2024, the revaluation of pensions should be 1.4% if the managers of Agirc-Arrco stick next Tuesday to the sole principle of “sub- indexing”. However, the plan’s board of directors has a small margin of maneuver to further adjust the revaluation (by 0.4 points).
The unions hope that this lever will be activated so that supplementary pensions progress as much as prices or almost. “We are going to act to have a revaluation close to inflation”, indicates Yvan Ricordeau to the CFDT.
Especially since the government of Michel Barnier, in search of budgetary savings to straighten out the adrift public accounts, intends to freeze basic pensions and only increase them next July.
Against this freeze, an increase in supplementary pensions “will be a social shock absorber for retirees”, assures Christelle Thieffinne at the CFE-CGC. Revaluing at the level of inflation, “we can do it without endangering the finances of Agirc-Arrco”, assures Michel Beaugas of FO. The plan’s rule is to always have at least 6 months of benefit reserves until 2037 inclusive.
Catch-up
In the employers’ camp, Medef remains discreet about its wishes but voices are being raised not to increase pensions as much as prices. Especially since supplementary pensions were increased by 4.9% last year following the very unpopular pension reform extending the retirement age from 62 to 64 years.
The increase in supplementary pensions in 2023 was certainly lower than that recorded for basic pensions (5.3%) but a little higher than the inflation actually observed the same year (4.8%). “We made a huge effort last year,” pleads Eric Chevée to the CPME. This mentions a revaluation of only 1.3% knowing that the Agirc-Arrco council can carry out a “catch-up” in the event of a gap between the inflation forecast and the development actually noted. “We are protecting the future,” assures the representative of small and medium-sized businesses.
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