After a successful mobilization of opponents last week, the pension reform has just passed a new stage this Monday, January 23 with its presentation to the Council of Ministers. For the executive, who has been saying for weeks that his reform is “fair” and “balanced”, the challenge now is to convince the French that they will not necessarily all be losers. But what is it really? Response with the impact study, the content of which was revealed exclusively by The echoes.
Increase in the retirement age: women and the middle classes are the most affected
Overall, it is women and the middle classes who will have to work longer. The average retirement age will increase by one month for men in the 1962 generation, by 5 months for those born in 1966 and 1972, and by 4 months for the 1980 generation. For women, the average retirement age will fall by 2 months for the 1964 cohort, by 7 months for those born in 1966, by 9 months for the 1972 cohort and by 8 months for those born in 1980.
Thanks to early retirement measures, the most modest are less affected by the increase in the retirement age. The first two deciles will see their working time increase by one to three months (depending on their year of birth), while people with a standard of living between the third and eighth decile will have to postpone their departure to retirement from one to nine months. The wealthiest (the ninth and eighth deciles) will see their working time increase by one to eight months.
Increase in pensions: women and the most modest will benefit
With the postponement of the retirement age and the revaluation of the minimum pension, retirees should receive more. The average pension will increase by 0.3% for the generation of 1962, by 0.6% for those born in 1966 and by 1.5% for the generation of 1972. Women, who are more affected by the increase in the minimum pension because of their often choppy careers, will experience larger pension increases: +0.7% for the 1962 generation, +1% for those born in 1966 and +2.2% for the 1972 generation. pension gap between men and women will narrow.
The pensions of the most modest will also increase sharply. The increase will be between 2.7% and 6.6% (depending on the generation) for people belonging to the first three deciles. The pensions of future retirees in the fourth decile will also increase, but to a lesser extent (between +0.9% and +2.4%). The highest deciles will see their pension stabilize… or decrease (between +1.4% and -0.2%).