The complementary pension plan for executives and employees of the private sector Agirc-Arrco should still be largely in the green this year, with an estimated “technical result” of 3.7 billion euros, according to an internal document consulted by AFP on Friday. The big box is overflowing. According to the “central” scenario recently presented to its financial committee, Agirc-Arrco expects a “technical” surplus (before financial result) of 3.7 billion euros this year.
After the surplus of 2,600 million already registered last year, the system managed by the unions and employers therefore continues to reap the fruits of the post-Covid economic recovery. What to feed the next discussions on the revaluation of pensions on November 1, especially since a profit of 1,500 million is still projected for 2023 and that the “golden rule” consisting of having six months of financial reserves in a horizon of 15 years would still be sustained
At least a 4.9% increase
At this stage, an increase of at least 4.9% has been acquired, corresponding essentially to the evolution of wages (4.8%) and a slight recovery (0.1%) of undervalued inflation in 2021, several sources indicated. guilds. Better than the 4% granted this summer by the Government on the basic pension service by the Sécu, but lower than the increase in prices without tobacco, quantified by Agirc-Arrco at 5.3% year-on-year.
Compared to the 84,000 million euros in benefits budgeted for 2022, this mechanical increase will cause spending to jump by more than 4,000 million next year. However, some negotiators hope to obtain more to limit the loss of purchasing power of retirees. The issue will be put on the table of a “mixed commission” on Tuesday afternoon, before a decision by the board of directors on October 6.
But the social partners have limited room for manoeuvre, due to their “golden rule” and the principles established before the health crisis, which prevent them, in particular, from updating pensions beyond the increase in wages. Negotiating a new deal in early 2023 will allow them to get everything back on track.
Source: BFM TV
