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

Inflation has reached a critical level. The state does its best to protect the purchasing power of the French. In addition, a law has been enacted for this purpose. In this text, the French can rejoice at the revaluation of several aids. In particular that of basic pensions at 4%.

However, several unions consider that the basic pension is not sufficient. You should know that for some private sector employees, this represents only 50% of their pension. Fortunately, a revaluation of supplementary pensions is planned. Discussions are underway for set new amount.

An imbalance between pension schemes

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

Partly because the revaluation included in the law on purchasing power does not apply to all plans. This 4% revaluation offered by the government only concerns basic pensions.

Furthermore, the Minister of the Economy, Bruno Le Maire, made it clear :

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

This situation increases the imbalance between the regimes. Indeed, employees governed by the public system are more advantaged than those in the private sector. Know that more than 90% of civil servants’ pensions are basic pensions.

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

“Revaluations due to inflation remind us once again of the differences in treatment between the schemes and the statutes. It widens the gaps between the regimes which have an obligation of financial balance and the others. »

She adds that this creates “differences between the French”. Thus, we can say that as long asthere is no revaluation for supplementary pensions, the imbalance that already existed before will be even greater.

Source: Pixabay

Supplementary pensions: when is the revaluation?

Already, one thing is certain: the revaluation promised by the government does not concern no supplementary pensions. There will also be no revaluation before the hour.

Indeed, according to our colleagues from Parisian:

“The social partners who manage Agirc-Arrco, the supplementary pension for private sector employees, will stick to the planned schedule, which provides for an increase on November 1. »

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

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

Supplementary pensions: the rules to know

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

“Average annual salary of nationals of the scheme estimated for the current year less a sustainability factor calculated so that, in practice, the service value of the point evolves at least like the consumer prices excluding tobacco, insofar as the evolution of prices is not greater than that of wages. »

For the average salary and the evolution of prices, the figures taken into account 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 salary. One thing is certain, the price increase will be fixed compared to the average salary.

The figure proposed by Agirc-Arrco

On September 13, the technical and financial committee of Agirc-Arrco proposed a revaluation of 4.8%. It must be said, it is not definitive. It’s more for the opening of the debates.

Be that as it may, this increase respects the rules and does not run counter to the financial objectives set. These objectives are intended to maintain reserves always greater than 6 months.

A retirement reserve which is, moreover, at pay until December 2023. More specifically, by 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 over the coming weeks. Still, many have already made their position known. A patronage already seems agree with this proposal.

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

“A rule has been set by the national interprofessional agreement and therefore we must refer to it. »

However, trade unions have also gave their opinions.

Piggy bank
Source: Pixabay

The union proposals

The unions agree on one point. In the face of inflation and the imbalance of the current regime, more help is needed for supplementary pensions. Pierre Roger of the CFE-CGC confirms this:

“We have to see to what extent it would be possible to go a little above the figures announced while remaining in the nails of the regime”

Pascale Coton of the CFTC adds:

“We must support the purchasing power of retirees”.

As for Michel Beaugas of the Force Ouvrière, complete:

“Especially since last year, an effort was asked of retirees. »

Counterweight to last year’s stagnation

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

Better still, Pierre Pluquin of the CGT recognizes that rules are established during the interprofessional agreement of 2019. However, this rule must be changed according to him. He adds thatwe don’t have much time To do that.

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

These are all just opinions, nothing has been decided yet. The discussions will be even more stormy between unions and employers within the framework of the Agirc-Arrco office and board of directors. According to Capital, the exact figures must be ratified on October 6.


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