PENSION INCREASE. The amount of basic retirement pensions has increased slightly since January 1, 2023.
[Mis à jour le 3 janvier 2023 à 09h20] The amount of basic retirement pensions has been revalued since January 1, 2023. In fact, if you belong to one of the funds concerned, you will benefit from a helping hand from +0.8%. This revaluation is part of the social security financing bill (PLFSS). This is already the third increase observed, after those of January 1, 2022 (+1.1%) and July 1, 2022 (+4%). Enough to index pensions to inflation, the government’s major objective.
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 retirement pensions from the basic scheme had their third increase in one year, Sunday January 1, 2023. This time, the increase reached 0.8%.
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 successive increases of 1.1% in January 2022, then 4% last July, retirement pensions under the basic scheme experienced a further increase on Sunday January 1, 2023. An increase which will be effective from February 2023. It is important to note that the increase that occurred this summer was recorded by the law of August 16, 2022 providing for emergency measures to protect purchasing power. Taking effect on September 9, 2022, it was also retroactive to July 1, 2022.
Here is the calendar of pension increases 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
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 affected by the revaluation of retirement pensions.
The former civil servantswho come under the SRE, therefore saw their pension increase by 0.8% on 1 January 2023, just like the hospital civil servants and local authorities, under the CNRACL.