PENSION INCREASE. Basic pensions will be revalued on January 1, 2023. What about supplementary pensions before the end of the year? The Agirc-Arrco regime has rendered its decision.
[Mis à jour le 25 octobre 2022 à 08h12] What will happen to supplementary pensions before the end of 2022? As every year, the Agirc-Arrco scheme meets to decide on the amount of the increase to be applied. This time, the complementary ones will increase by 5,12% from the 1 November 2022. A significant increase, of course, but which remains below the level of inflation for the year as a whole (it should be close to the 5,3%). Here are some concrete examples of monthly gain which you will be able to benefit from with the revaluation of November 1, 2022:
- Additional 500 euros per month: +25,60 euros
- Additional 700 euros per month: +35,84 euros
- Additional 900 euros per month: +46,08 euros
- Additional 1,000 euros per month: +51,2 euros
- Additional 1,200 euros per month: +61,44 euros
In reality, the social partners decide each year on the amount of the revaluation of supplementary retirement pensions, taking care to guarantee the balance of the system over time and fairness between generations to ensure the payment of pensions today and tomorrow. Also, the January 1, 2023will take place the new increase in basic pensionof 0,8% after the two successive increases of 1% and 4% in January and July 2022. Here, 14 million seniors are concerned. And retirement pensions are not the only ones to increase in 2022! Inflation is (unfortunately) hitting the food sector hard. You must have noticed the soaring prices when shopping. In some departments, prices have soared by more than 40% in less than a year, between January and October 2022. Discover without further delay, our file dedicated to the food products that have increased the most this year:
The rules for increasing supplementary pensions (Agirc-Arrco, for example) differ from those for basic pensions. These supplementary pensions are calculated from the number of points acquired during the career, to which a value of the point is multiplied. Then, the social partners decide on a possible revaluation of the value of this point.
In an attempt to compensate for the galloping inflation observed in recent months, supplementary retirement pensions will increase by 5,12% from the 1 November 2022. A decision taken during the Board of Directors of Agirc-Arrco, on October 6 in the presence of employers’ organizations and trade unions. “This significant revaluation, made possible thanks to the robust financial situation of Agirc-Arrco, was decided after having secured the financial balance of the scheme and its level of reserves over the next 15 years”, welcomed Didier Weckner, president of the regime. The service value of the Agirc-Arrco point will be set at 1,3498 euros, against 1.2841 euros currently. The cost of this system is estimated at 4.5 billion euros over one year.
This increase was decided on the basis of a change in the average salary of +4.82%, to which is added a catch-up of +0.1% in respect of inflation observed in 2021, the social partners have decided to grant the Board of Directors additional leeway of +0.2%, compatible with the plan’s financial trajectory.
Starting the January 1, 2023them basic pension will already see their third increase in a year. This time, the increase should reach 0,8%. With the latter, the government intends to index pensions to inflation (more than 5% on average over the year 2022). As a reminder, this year, pensions have already increased by 1% in January, and by 4% in July. This new measure in favor of purchasing power concerns 14 million seniors. The retirees concerned are those affiliated with:
- CNAV (national pension fund)
- CNRACL (national fund of local authority agents)
- SRE (state pension service)
- CNAVPL (national old-age insurance fund for the liberal professions).
This increase in pensions concerns all the basic schemes! In other words, the retirement of proper rightthe pensions of reversionthe beneficiaries of theBLADE as well as theBUT.
After successive increases of 1% in January 2022, then 4% last July (+60 euros per month for a pension of 1,200 euros), retirement pensions under the basic scheme will experience a further increase in January 2023.
The increase should be around 0,8%, as included in the Social Security financing bill. The government’s objective being to index the rise in pensions to the rise in inflation, measured at 5,6% in September over one year, and which should exceed 5,3% on average over the whole of 2022. With the three successive increases, the increase in pensions could then offset inflation. Here is the full schedule:
- September 9, 2022 : 4% increase for pensions from the basic scheme
- September 28, 2022 : 4% increase for retirees from the State civil service
- September 29, 2022 : 4% increase for retirees from the hospital public service
- 1 November 2022 : increase of 5.12% for complementary Agirc-Arrco
- January 1, 2023 : increase of 0.8% for pensions from the basic scheme
The overall retirement pension for civil servants consists mainly of the basic pension. A supplementary scheme, the “additional public service pension (RAFP)” also exists, but is not affected by the revaluation of retirement pensions. The increase in retirement pensions for civil servants should therefore be the same as for other employees.