The National Assembly begins examining the Social Security budget, the government does not wish “at this stage” to impose a contribution from Agirc-Arrco

The government will not table ” at this stage “ amendment to the draft Social Security budget imposing a contribution from Agirc-Arrco – the private supplementary pension fund – to the overall retirement system, but does not rule out doing so later, announced the minister public accounts delegate, Thomas Cazenave, Tuesday October 24.

The minister asked the social partners who manage this complementary scheme to “concrete and rapid progress”, “in the time opened by the parliamentary shuttle”leaving open the possibility of a future amendment with a view to this drain estimated at at least one billion euros.

However, on Wednesday October 11, Bercy confirmed the plan to contribute to Agirc-Arrco to avoid a deficit in the entire pension system. This desire was first denounced by the social partners before arousing strong criticism within the opposition with the specter of a motion of censure.

According to the government, the pension reform, which postpones the legal retirement age to 64, will allow Agirc-Arrco’s accounts to improve by 1.2 billion euros in 2026 and 3 billion in 2030. This windfall “must participate in the overall balance” of our pension plans, added Mr. Cazenave.

The World with AFP

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