will the system still remain in the red?

2023-05-25 10:08:00

Barthélémy Philippe// Photo credits: Christophe ARCHAMBAULT / AFP

In its latest report, published on Wednesday, the Court of Auditors notes that the pension reform will not be enough to balance the accounts of the old-age branch of health insurance, the one that manages pensions from the general scheme by 2030. C This was however the objective of the text carried by the government.

Very bad news for the government. According to a report by the Court of Accounts made public on Wednesday, the pension reform will not be enough to balance the accounts of the old-age branch of health insurance, the one that manages pensions from the general scheme, by 2030. However, the balance of the system was the stated objective of this much decried text.

Lower savings

According to the Court of Auditors, the deficit of the pension system will still reach four billion euros in 2030. Postponing the retirement age and extending the duration of contributions will therefore generate less savings than expected.

The government was aiming for 13 billion euros. It will be almost half less, only seven billion euros according to the Court of Auditors. “There have been more social measures than expected. But beyond that, there is a question which is that of inflation which has quite significant effects on retirement pensions. They are indexed to inflation Indeed, it changes the dynamics of the pension deficit a little”, analyzes the economist Matthieu Plane at the microphone of Europe 1.

A deficit that might exceed four billion euros

The other reason for concern lies in the estimate of the Court of Auditors which integrates the assumptions of growth and unemployment of the government by 2030 by judging them particularly optimistic.

Despite the reform, the pension deficit might therefore exceed four billion euros.

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