The members of Agirc-Arrco, the supplementary pension scheme for executives and private sector employees, have agreed to the principle of an increase in their retirement pensions by 5.1% on November 1. This principle, adopted on Tuesday by the unions and the employers meeting in a joint committee, will have to be ratified during a board of directors on October 6.
The members of Agirc-Arrco, the supplementary pension scheme for executives and private sector employees, have adopted the principle of an increase in their retirement pensions by 5.1% on November 1, we learned. Wednesday from several concordant union sources. This principle, adopted on Tuesday by the unions and the employers meeting in a joint committee, will have to be ratified during a board of directors on October 6.
4.2 billion more spending next year
The increase is higher than the 4% granted this summer by the government on the basic pension by the Sécu, also higher than the 4.9% still envisaged last week by Agirc-Arrco, but lower than the increase in prices excluding tobacco , estimated by the organization at 5.3% year-on-year. Compared to the 84 billion euros in benefits budgeted for 2022, this mechanical increase will cause spending to jump by more than 4.2 billion next year. The CGT demanded a revaluation of 6.2% on the basis of inflation expected in 2022 and a catch-up for 2021.
The supplementary pension scheme for executives and private sector employees is however in a good position, with a “technical result” estimated at 3.7 billion euros, according to an internal document consulted by AFP. After the surplus of 2.6 billion already recorded last year, the regime therefore continues to reap the benefits of the post-Covid economic recovery. A gain of 1.5 billion is still projected for 2023 and the 5.1% revaluation of pensions does not call into question the “golden rule” obliging plan managers to have six months of financial reserves at their disposal. 15 years old.