HomeEconomyHow much will pensions have increased by the end of the year?

How much will pensions have increased by the end of the year?

On October 6, Agirc-Arrco, which manages complementary pensions, will announce the level of revaluation of pensions, applicable from November to the 13 million former employees who are beneficiaries. According to Le Parisien, it will be close to 5%. Enough to complete the two increases in basic pensions.

After the revaluation this summer of old-age pensions, it will be the turn of the Agirc-Arrco complementary pensions to see their level adjusted with inflation in November.

The final level of this revaluation has not yet been definitively determined. It will be October 6. At Agirc-Arcco, a pension fund run by employers’ organizations and trade unions, financial decisions are the subject of tough negotiations.

An increase that could go from 4.9% to 5.2%

According to Le Parisien, some of the unions advocate an increase of 5.2% while the employers would prefer to limit ourselves to 4.9%. But in any case, the revaluation should be close to 5%.

And this will worry many people since any retiree who has worked as an employee in the private sector receives a pension from Agirc-Arrco. They are a total of just over 13 million men and women, of which nearly 850,000 have chosen to settle abroad.

This revaluation will play an important role in offsetting the loss of purchasing power of retirees due to inflation. In fact, the amounts paid by Agirc-Arrco represent a significant part of their pensions. The latest known figures are for 2020.

One hundred euros more in two years

The average amount paid by a man who has spent his entire career as an employee in the private sector reached 1,784 euros two years ago (992 euros paid by the National Old Age Insurance Fund and 792 euros from supplementary pensions).

Applying the different revaluations that have been granted since the end of 2020 and that of Agirc-Arrco in November, this same retiree will have seen the level of his two pensions increase by 103 euros, 5.7% more in two years. A recovery less than inflation during the same period.

Women’s pension 42% lower than men’s

For women, the revaluation is, of course, the same percentage (+5.7%) but since the level of pensions (1049 euros in 2020, that is, 42% than for a man) is lower, the average increase is limited to 59.50 euros. This gap is linked to salary differences that, when these retirees contributed, were even greater than today.

They are also due to the fact that many women among those born in the 1930s, 1940s and 1950s interrupted their careers more often, if only because the average number of children per woman was higher.

Author: pierre kupferman
Source: BFM TV

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