Members of Agirc-Arrco, the supplementary pension scheme for managers and employees in the private sector, have adopted the principle of increasing their retirement pensions by 5.1% on November 1, we learned this Wednesday from various union sources. concordant.
This principle, adopted on Tuesday by the unions and employers meeting in a joint committee, must be ratified during a board of directors on October 6. The increase is higher than the 4% granted this summer by the government on the Sécu’s basic pension, also higher than the 4.9% still forecast last week by Agirc-Arrco, but lower than the increase in prices without tobacco, estimated by the organization by 5.3% year-on-year.
4,200 million additional expenses
Compared to the 84,000 million euros in services budgeted for 2022, this mechanical increase will cause spending to jump by more than 4,200 million next year. The CGT demanded a revaluation of 6.2% based on the expected inflation in 2022 and an update for 2021. The complementary pension regime for executives and employees of the private sector is however in a good position, with a ” technical result” estimated at 3.7 billion euros, according to an internal document consulted by AFP.
After the surplus of 2.6 billion already registered last year, the regime continues to reap the fruits of the post-Covid economic recovery. A gain of 1.5 billion is encore projected for 2023 and the revaluation of 5.1% of pensions does not question the “golden rule” obliging the managers of regimes to dispose of six months of financial reserves over the horizon of 15 years.
Source: BFM TV
