The first figures on the impact of the small pension reform, the subject of numerous controversies, agree with the forecasts of the National Old Age Insurance Fund (Cnav), particularly for new retirees, its director said on Wednesday. The reform increased “by 30 euros on average” the minimum contribution (boost to small pensions) received by people who retire in September, declared the general director of the National Old Age Insurance Fund, Renaud Villard, during a hearing in the Senate. This figure is “in line with our forecasts,” he stated.
He did not say how many people had been affected by the booster. For people already retired, the reform increased the minimum contribution “by 50 euros on average” for about 500,000 people, she stated. Of these 500,000, 20,000 received the maximum amount of 100 euros, she stated. The average of 50 euros “is a little lower” than the Cnav forecast, which was 60 euros, she stated.
A revaluation for 1.7 million retirees until September 2024
The Cnav, however, maintains its long-term forecast, to the extent that the 500,000 people benefiting for the moment are more recent retirees, who need a less significant boost, he explained.
A total of 1.7 million retirees at the time of the reform should benefit from an increase in value until September 2024, according to Cnav forecasts.
The revaluation of small pensions was at the center of numerous controversies during the pension reform, and both the scope of beneficiaries and the amounts were the subject of fierce debates between supporters and opponents. This revaluation should make it possible to apply the Government’s promise of a gross minimum pension of 85% of the SMIC (1,200 euros at the time of the reform) for all employees who have completed a full career in the SMIC.
Source: BFM TV
