Despite the reform, the pension deficit persists

by time news

2023-06-19 23:40:14

The good results of the pension system, with a surplus in 2022, should not last. HJBC / stock.adobe.com

INFO LE FIGARO – The new report of the Pensions Orientation Council reports a still degraded situation of the pension system.

Not only was the pension reform justified, but it will not be enough to restore the accounts. Long-awaited, the new report of the Pensions Orientation Council (COR), which must be made public on Thursday and that Le Figaro obtained, reports a still degraded situation of the pension scheme. In 2022, the pension system was in surplus by 4.4 billion euros, or 0.2% of GDP. This situation should continue this year with a surplus of 3.6 billion euros, or 0.1% of GDP. But these good results should not last.

Despite the pension reform,the balance of the system would remain negative in the medium term in all the scenarios considered by the COR experts and would only return positive in the mid-2040s in the scenario where growth would reach 1.6% of GDP“, says the report. In all the other scenarios considered, the pension system would remain permanently in deficit: by -1.6% of GDP in the event that the gains of…

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