2023-07-14 12:27:13
In the long term, the pension reform could involve more costs than if it had not been adopted. This is one of the lessons that emerges from the tenth « avis » annual report presented on Thursday July 13 by the Pension Monitoring Committee (CSR), a small group of independent experts. This observation may surprise, even seem paradoxical, because the measures promulgated on April 14 by the executive aimed to make savings. It shows how much the changes made to our pay-as-you-go system produce effects that are difficult to grasp, due to the infinite complexity of the rules in force.
Read also: Article reserved for our subscribers Pensions: the system would remain in deficit in 2030, despite the reform
Placed under the Prime Minister, the CSR’s mission is to question the public authorities if the pension schemes, taken as a whole, move away from the objectives that the legislator has set for them: financial sustainability, equity between generations, etc. . If necessary, this body, currently chaired by the economist Didier Blanchet, can make recommendations to correct any abuses. It is based on the data provided in the reports of the Pensions Orientation Council (COR) – the last having been published on 22 June.
The CSR recalls that the law of April 14 has impacts likely to vary over time. In 2030, it would reduce pension expenditure by 4.6 billion euros, compared to the situation where there would be no change. On the other hand, the balance could be reversed in 2070, with a heavier “bill” (of 9.5 billion euros) than if the texts had remained identical.
Higher pensions
How to explain such a trend? The reform supported by Emmanuel Macron and by the government of Elisabeth Borne pushes back from 62 to 64 years the legal age of departure, while increasing, for certain generations, the number of quarters required to be entitled to a pension at full rate. First of all, these provisions generate a lot of savings, because people who should have been retired are not there. In addition, as they continue to operate, they contribute more, which generates more resources in the funds.
However, during the period when they prolong their professional life, these same people acquire additional rights to old-age insurance, on generally high wages, since they are at the end of their career. Finally, they leave with larger pensions than those which would have been paid to them if there had been no reform.
You have 46.29% of this article left to read. The following is for subscribers only.
#reform #generate #additional #cost