2023-11-04 16:30:22
As inflation hits record highs, there is a glimmer of hope on the horizon, particularly for private sector retirees. From November 1, 13 million of them will benefit from a significant increase in their pensions.
+4.9% on supplementary pension from November 1
From November 1, pensions will increase by 4.9%. A measure intended to mitigate the effects of inflation on their portfolio. This revaluation represents almost 50 additional net euros per month. This is an increase which was decided at the beginning of October by the social partners of Agirc-Arrco. It corresponds, according to INSEE, to the level of inflation calculated over one year. In fact, it is estimated to cost an additional 4 billion euros.
It should be noted that, by the end of 2023, Agirc-Arrco will have paid a total amount of 92.5 billion euros to 13 million beneficiaries. This increase is in addition to the already announced revaluation of 5.2% of basic pensions, which will come into force from January 1, 2024, applicable to the general system. The additional part of pensions represents a significant portion, varying from 20% of the total pension for employees with modest incomes to 60% for executives.
The end of the penalty
Another good news that will delight retirees. The pension reform, now in force, makes obsolete the 10% discount which was intended to encourage employees in the private sector to prolong their professional activity. Indeed, during their meeting at the beginning of October, the social partners of Agirc-Arrco decided to stop imposing the temporary penalty of 10% which had been introduced in 2019 on the supplementary pensions of new retirees. This is a measure which will end on December 1 for all new retirees, then it will be suspended from April 1, 2024 for all retirees concerned, without possibility of reimbursement.
As a reminder, this measure was put in place in a context of economic fragility and it mainly aimed to encourage employees to extend their activity for one year, even if they already met the legal conditions to retire at full rate. . Otherwise, they faced a 10% reduction in their pension for a period of three years. On the other hand, a bonus was provided for those who decided to work two to four more years.
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