PENSION INCREASE. The revaluation of retirement pensions is set for July 1, 2022. For whom? What amount? What about the supplementary pensions ? What we know.
[Mis à jour le 6 juin 2022 à 08h43] The increase in retirement pensions is fast approaching, it is set for July 1, 2022. A little more patience, and all basic pensions should benefit from an increase of around 4% to take into account the galloping inflation observed in recent months (5.2% in May over one year). Enough to hope for a gain of 45 to 50 euros for a pension of 1,200 euros. Information confirmed by the Minister of the Economy, Wednesday June 1 on the airwaves of France Inter: “We will upgrade all basic retirement pensions in the law that we will present in July.“A revaluation which should be visible from August 9, 2022, the July retirement pension being paid on this date.
This increase in pensions should also be part of the purchasing power bill carried by Prime Minister Elisabeth Borne. A project which brings together other measures in favor of the purchasing power of the French such as the tripling of the Macron bonus or the establishment of a food check. The texts of this project should be studied in the Council of Ministers on June 29, and in the National Assembly following. Still awaiting the result of the legislative elections on June 12 and 19, and a possible majority for the group LREM in the National Assembly. Measures supposed to respond to the galloping inflation of which the country has been victims for several months (5.2% in May 2022 over one year).
The next increase in pensions should, in all likelihood, be effective from July 1, 2022. De facto, the very first visible increase in pensions will be visible during the first payment, the following month, namely August 9, 2022. .
The increase in pensions on July 1, 2022 would be around 4%. An increase that takes into account the galloping inflation observed in recent months. According to INSEE figures, consumer prices rose 5.2% in May over twelve rolling months. And this figure is set to increase next month with inflation expected to be between 5.4% and 6%. Be aware that the revaluation of pensions concerns the basic schemes, a gain which should represent 45 to 50 euros for a pension of 1,200 euros. An additional sum that you should be able to observe on your retirement pension paid on August 9th.
The rules for increasing supplementary pensions (Agirc-Arrco, for example) differ from those for basic pensions. These supplementary pensions are calculated from the number of points acquired during the career, to which a value of the point is multiplied. Then, the social partners decide on a possible revaluation of the value of this point. Generally, these pensions are increased every year on November 1st. In 2021, the value of the Agirc-Arrco point was revalued by 1%. It therefore went from 1.2714 euros to 1.2841 euros. Regarding these supplementary pensions, the Minister of the Economy Bruno the Mayor became clear:It is up to the social partners to upgrade supplementary pensions. We will increase the basic pensions.” So, still a little patience to know the next revaluation of the index point.
The overall retirement pension for civil servants consists mainly of the basic pension. A supplementary scheme, the “additional public service pension (RAFP)”, concerns 20% of the amount of the annual gross index salary, at most. De facto, the increase in pensions on July 1, 2022 should be greater for civil servants.