HomeEconomy“42 different retirement systems, it's not fair”: CFTC advocates for points-based pension...

“42 different retirement systems, it’s not fair”: CFTC advocates for points-based pension reform

Guest of BFM Business this Monday, October 20, the president of the CFTC Cyril Chabanier defended the idea of ​​a “systemic reform” of pensions by moving to a points system with a capitalization stage.

Will the suspension of the reform lead to a revolution in the pension system in France? Guest of BFM Business this Monday, October 20, the president of the CFTC, Cyril Chabanier, advocated in any case for a “systemic reform”, moving to a points system.

“Some want to repeal and return to 62 years, perhaps some want to return to 60 years… We want to completely change the pension system,” he stated, while the scenario of a points system was abandoned in 2020 during the Covid-19 health crisis and the last reform mainly raised the legal exit age, then accelerated the Touraine reform on the contribution period.

“The Court of Auditors showed that an age reform was very good financially in the short term but not in the medium and long term. To avoid burning the country every 4 or 5 years, we must change the system,” he insisted.

For a universal pension system

Cyril Chabanier thus defends the transition towards a universal points system: “Today there are 42 different retirement systems, by definition, I would say almost by mathematical definition, they cannot be fair and equitable.”

At the beginning of October, the leader of the CFDT, Marylise Léon, already defended, before the microphone of Good Morning Business, the move to a points-based retirement, so that “people [aient] control over the age at which they want to leave.” Would there then be a consensus between the two union organizations?

The truth is that the idea of ​​a points system was not unanimous when it was being planned in 2020. “The Borne reform had 90% of employees who were against it. In a points system, we are with approximately half of the French who are in favor, half of those who are opposed. There were also, at that time, three unions that were in favor, three unions that were against,” stressed the president of the CFTC.

Capitalization as an additional layer of the pension system?

In addition to retirement by points, Cyril Chabanier was open to capitalization. “In the public service this exists, there are many systems in companies for retirement savings plans (PER), etc., which are a form of capitalization. We even signed a national interprofessional agreement (ANI) to promote participation and participation in profits in companies, including small ones. Behind it is capitalization,” he considered.

Although “it is not possible to eliminate” the pay-as-you-go system, Cyril Chabanier believes that continuing to oppose capitalization “is to continue having this system whose capitalization today only exists for the most favored.”

“If we want the most modest, including people on minimum wages, to have access to this, we must generalize it,” he concluded.

Author: carolina robin
Source: BFM TV

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