2023 pension increase: when will it be paid?

2023 pension increase when will it be paid

PENSION INCREASE. Basic retirement pensions were increased by 0.8% on January 1, 2023. The payment should take several weeks.

[Mis à jour le 9 janvier 2023 à 08h48] The transition to the new year often reserves a lot of increases. In 2023, basic retirement pensions are in the game! Indeed, their amount was revalued by 0.8%, already the third increase in a year. “For example, a retiree who currently receives a basic retirement pension of 1,000 euros per month will receive a pension of 1,008 euros from February,” the government says on the administration’s official website. public. This enhancement will be visible on your bank account in the coming weeks, according to the following schedule: January 27 for CNRACL affiliates, January 30 for public service retirees, and February 9 for affiliates of the CNAV and the MSA. In total, no less than 14 million seniors are affected by this system.

The retirement pensions from the basic scheme had their third increase in one year, Sunday January 1, 2023. This time, the increase reached 0.8%. This third increase in one year is part of the Social Security financing bill (PLFSS) and allows the seniors concerned to pocket an additional gain of 12 euros per month for a pension of 1,500 euros, or even 16 euros monthly. for a basic pension of 2,000 euros.

The retirees concerned are those affiliated with one of the following funds:

  • CNAV (National Old Age Insurance Fund)
  • CNRACL (National Fund of Local Authority Agents)
  • ERS (State Pensions Service)
  • CNAVPL (National old-age insurance fund for the liberal professions)
  • Complementary public contractors (Ircantec)
  • Special diets (SNCF…)
  • Independents (SSI)

The beneficiaries of the retirement of proper rightof the pensions of reversionof the’solidarity allowance for the elderly (ASPA) as well as the supplementary invalidity allowance (UPS) are also affected.

After the successive increases of 1.1% in January 2022, then 4% last July, the retirement pensions of the basic scheme experienced a new increase, Sunday January 1, 2023. Please note, the payment into your bank account, it , will only be effective from the month of February 2023.

Here is the calendar for the revaluation of pensions since September 2022:

  • September 9, 2022 : 4% increase for pensions from the basic scheme
  • September 28, 2022 : 4% increase for retirees from the State civil service
  • September 29, 2022 : 4% increase for retirees from the hospital public service
  • November 1, 2022 : increase of 5.12% for complementary Agirc-Arrco
  • January 1, 2023 : increase of 0.8% for pensions from the basic scheme

Recently, the National Assembly considered the retirement of farmers. On December 1, the hemicycle passed a bill in favor of the retirement of self-employed farmers. Adopted at first reading, the text in question, initiated by the deputy The Republicans Julien Dive, plans to calculate their retirement on the only twenty-five best years, and not on the entire career as is the case today. A new method of calculation which should come into force by 2026.

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.

In an attempt to compensate for the galloping inflation observed in recent months, supplementary retirement pensions have increased by 5.12% since November 1, 2022. The decision was taken during the Board of Directors of Agirc-Arrco, on October 6, in the presence of employers’ organizations and trade unions. The service value of the Agirc-Arrco point was set at €1,349.80, against 1,284.10 euros previously. The cost of this system is estimated at 4.5 billion euros over one year. This increase was decided on the basis of an increase in the average salary of 4.82%, to which is added a catch-up of +0.1% in respect of inflation observed in 2021. The social partners have decided to grant the Board of Directors an additional margin of maneuver of +0.2%, compatible with the plan’s financial trajectory.

The overall retirement pension for civil servants consists mainly of the basic pension. A supplementary scheme, the “additional public service pension (RAFP)” also exists, but is not not concerned over there revaluation of 0.8% retirement pensions. However, the scheme has raised its point of 5.7% on January 1, 2023.

Former state civil servants, who come under the SRE, therefore saw their basic pension increase by 0.8% and their supplementary pension by 5.7% on 1 January 2023.

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