PENSION INCREASE. January 1 of each year sees the annual revaluation of retirement pensions from the basic scheme. What increase for 2023? Find out on this page how this increase will translate into euros.
[Mis à jour le 1er janvier 2023 à 16h21] As every year, the amount of retirement pensions from the basic scheme will be increased in line with inflation from 1 January 2023. A good boost for the purchasing power of seniors strongly impacted by galloping inflation. The new revaluation of retirement pensions is 0.8% from 1 January 2023. This increase follows the various increases observed in 2022: +1.1% in January and +4% in July. In 2022, the average gain observed for a pension of 1,200 euros per month was therefore 45 euros on average. In addition, it should also be remembered that the amount of supplementary pensions was increased in November 2022.
With this new revaluation, the government aims to index the rise in pensions to inflation, which was measured at 6.2% in October over one year. To take advantage of this increase, you must be affiliated with one of the following funds: CNAV, CNRACL, CNAVPL, SRE, ASPA, ASI, the own pension or the survivor’s pension. 14 million people are affected by this increase, including civil servants. Supplementary pensions have increased by 5.12% since November 1, 2022.
Starting the January 1, 2023them basic pension will already see their third increase in a year. This time, the increase should reach 0.8%. With the latter, the government intends to index pensions to inflation (more than 5% on average over the year 2022). As a reminder, this year, pensions have already increased by 1% in January, and by 4% in July. This new measure in favor of purchasing power concerns 14 million seniors. The retirees concerned are those affiliated with:
- CNAV (national pension fund)
- CNRACL (national fund of local authority agents)
- ERS (state pension service)
- CNAVPL (national old-age insurance fund for the liberal professions).
This increase in pensions concerns all the basic schemes! In other words, the retirement of proper rightthe pensions of reversionthe beneficiaries of theASPA as well as theUPS.
Recently, the National Assembly also 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.
After successive increases of 1% in January 2022, then 4% last July (+60 euros per month for a pension of 1,200 euros), retirement pensions under the basic scheme will experience a further increase in January 2023.
The increase will be around 0.8%, as included in the Social Security financing bill. Complementary items increased by 5.12% on November 1. The government’s objective being to index the rise in pensions to the rise in inflation, measured at 6.2% in October over one year, and which should exceed 5.3% on average over the whole of 2022. With the successive increases, the increase in pensions could then offset inflation. Here is the full schedule:
- 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% from the November 1, 2022. This increase represents, for an additional €700/month, a gain of 35 euros. 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 €1.3498, against 1.2841 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 a change 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 additional leeway 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 4% increase in basic pensions depends on the public service to which you belong.
For the former civil servantswhich come under the SRE, the increase occurred end of October (you should have received for example 20 euros for July + 20 euros for August + 20 euros for September). For the hospital civil servants and local authorities, under the CNRACL, the retroactive payment of July 1 and August was made end of Septemberat the same time as the pension increased by 4% corresponding to the month of September.