why your pension increases again in february

Retirement pensions are once again revalued. The 0.8% increase applicable since the beginning of the year will be visible on your January pension, paid from this Thursday, February 9.

Following the 4% revaluation in July 2022, retirement pensions are again revalued by 0.8% since January 1, 2023, under inflation, writes the Minister 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.

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This comes as no surprise. The 0.8% increase appeared as early as October in the report of the Social Security Accounts Commission, appended to the Social Security financing bill for 2023, the autumn estimate therefore having you confirm. This increase is in fact 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 1000 euros, the increase will be 8 euros per month.

History of the increase in basic pensions
average inflation
end of October*
Annual reset
on January 1
Early revaluation
on July 1
20190.9%0.3%
20200.2%0.3%
(1% for pensions
less than 2000)
20210.4%0.4%
20221.1%1.1%4%
20234.8%0.8%

* Measure 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 Commission – results for 2021 and forecasts for 2022-2023

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 withdrawals 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 benefit from this slight additional 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. Clearly the pension due for January 2023 will be paid this Thursday, February 9, 2023.

2023 Pension Insurance payment schedule
Pension of the month…Payment date
December 2022Monday, January 9, 2023
January 2023Thursday 9 February
February 2023Thursday March 9
March 2023Thursday April 6
April 2023Tuesday, May 9
May 2023Friday, June 9
June 2023Friday July 7
July 2023Wednesday August 9
August 2023Friday, September 8
September 2023Monday, October 9
October 2023Thursday, November 9
November 2023Friday 8 December
December 2023Tuesday, 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 1492.08 euros per month for couples (i.e. 68.77 euros more than last January).

All the news on the pension reform

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