“Following the 4% revaluation in July 2022, retirement pensions have been further revalued by 0.8% since 1 January 2023, in line with inflation. Following the entry into force of the 2023 Social Security Budget, the government formalized the increase in the basic pension. When will you benefit from it?
“Following the 4% revaluation in July 2022, retirement pensions are again revalued by 0.8% since January 1, 2023, under inflation, writes the Ministry of Health and Solidarity in a press release issued at the beginning of January. This revaluation concerns the basic diets as well as survivor’s pensions. »
This comes as no surprise. The 0.8% increase appeared as early as October in the report of the Social Security Accounts Committee, appended to the Social Security financing bill for 2023, the fall estimate therefore having been confirmed. This increase is indeed automatic: the basic pension increases at the rate of inflation, according to a complex formula based on 2 years of consumer price index.
Why not more than 0.8%? Because the calculation takes into account the “advance” granted from last summer: +4%. This increase of 0.8% comes in addition. For a basic pension of 1,000 euros, the increase will be 8 euros per month.
| average inflation at the end of October* | Annual reset on January 1 | Early revaluation on July 1 | |
|---|---|---|---|
| 2019 | 0.9% | 0.3% | – |
| 2020 | 0.2% | 0.3% (1% for pensions less than €2,000) | – |
| 2021 | 0.4% | 0.4% | – |
| 2022 | 1.1% | 1.1% | 4% |
| 2023 | 4.8% | 0.8% | – |
* Measurement of inflation used for the revaluation of basic pensions, ie the average over 12 months stopped in October of the year preceding the revaluation, compared to that of the 12 previous months.
Source: report of the Social Security Accounts Committee – 2021 results and 2022-2023 forecasts
In fact, the cumulative increase (4.8%) is lower than the annual inflation for 2022, expected at 5.3%, and lower than the recent increase in the Agirc-Arrco supplementary pension (5.12% in November 2022 ).
This automatic increase affects the basic pensions of the cnav (National Old Age Insurance Fund), from ERS (State Pensions Service), the CNRACL (National Fund for Local Authority Agents) and the National Old-Age Insurance Fund for the Liberal Professions (CNAVPL).
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When will you receive your increased pension?
Nearly 15 million retirees receive a monthly pension from the basic general scheme, in other words the Cnav or the Retirement Insurance. Are you part of it? When will you get that little extra boost? The next installment comes this Monday, January 9, 2023… but we’ll have to wait another month.
“Your pension is paid to you monthly at the end of the period for which it is due”, recalls the Cnav. In other words, the pension due for January 2023 will be paid on Thursday, February 9, 2023.
| Pension of the month… | Payment date |
|---|---|
| December 2022 | Monday, January 9, 2023 |
| January 2023 | Thursday February 9 |
| February 2023 | Thursday March 9 |
| March 2023 | Thursday April 6 |
| April 2023 | Tuesday, May 9 |
| May 2023 | Friday, June 9 |
| June 2023 | Friday July 7 |
| July 2023 | Wednesday August 9 |
| August 2023 | Friday, September 8 |
| September 2023 | Monday, October 9 |
| October 2023 | Thursday, November 9 |
| November 2023 | Friday, December 8 |
| December 2023 | Tuesday, January 9, 2024 |
Retirement Agirc-Arrco, Cnav, civil servant… The 2023 payment schedule for your pension
The minimum old age also increases by 0.8%
In 2023, the solidarity allowance for the elderly (ASPA), or “minimum old age”, is increased to 961.08 euros per month for single people (i.e. 44.3 euros more compared to January 2022) and to 1,492.08 euros per month for couples (i.e. 68.77 euros more than last January).
All news on pension reform