“850,000” small pension funds were adjusted in the fall

by time news

2024-09-03 21:26:01

About 600,000 retirees from the public system have already seen their pension increase during the first wave of increases, in the fall of 2023.

The second wave of revaluation “Small pensions” Plans as part of the pension reform will be considered “850,000 people” and will take place at the beginning of October, reference Tuesday to the Paris General director of Cnav, Renaud Villard. “We will pay for the increase planned for 850,000 people”explains Renaud Villard. “They will receive two types of payments: around September 25, taking more than a year of the increase they should receive from September 1, 2023”at the time of entry into force of amendment. “And on October 9, their pension increased”he explained.

“The people involved will receive a total of 600 euros per move, i.e. taking 12 months. Regarding the increase in their pension, it will cost 50.94 euros in total and will be used every month. Information letters will be sent from September 9”continued the director of Cnav, thus explaining the announcements made last week. The contested pension reform revalued the “Minimum Contribution” (Mico), a support system for small pensions, so that they reach at least 85% of the SMIC net, for employees who have completed full employment in the SMIC.

Strengthen the social aspect of the reform

The government introduced this measure to strengthen the social aspect of the reform raising the legal retirement age to 64 years, compared to the previous 62 years. Almost 600,000 retirees from the general system have already seen their pension increase during the first wave of increases, in the fall of 2023, when the reform comes into force, Renaud Villard recalled. But “For retirees who left before 2009, 20, 30 or 40 years ago, it is necessary to repeat the activities and sometimes even by searching through the archives.”he explained.

Asked about the fate of pension reform, an issue in the negotiations for Matignon, he reiterated that “Any decision that is a political issue, Retirement insurance will apply the law”. While making sure you are ready to do it right “for all scenarios”while “from September 2023 and at the end of 2024, around 840,000 people will have left under the law of the new reform”he added that, “more pragmatically, we should avoid timetables being too bad so that we can do the right implementation because in the end, it is the political leaders who will suffer”.

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