PENSION INCREASE 2022. Retirement pensions will be increased by 4% at the start of the school year. What date ? For who ? And the add-ons? We take stock this Friday.
[Mis à jour le 19 août 2022 à 08h11] The revaluation of the pensions of 4%i.e. an increase of 45 euros per month for a pension of 1,200 euros, will be effective from September 9, 2022, date of payment of the August pension. A retroactive effect will be applied to July, 1st, as announced by the executive since the re-election of Emmanuel Macron on April 24. This increase in basic retirement pensions is part of the purchasing power bill, widely adopted by the National Assembly and then Parliament during the summer. During the debates, the opposition demanded a higher increase, which gave rise to some heated exchanges in the hemicycle. The bill was even voted on in the middle of the night on the initiative of the government, which had the last word on this thorny subject.
Please note that not all retirees can benefit from this revaluation. It concerns only basic pensions, supplementary type Agirc Arrco or Ircantec are excluded. The pension insurance specifies however that “the date on which this revaluation will be visible on your pension is not known to date because it will depend on the timetable for the adoption of the bill by Parliament” on its website. Rest assured, the text was indeed voted by Parliament on Wednesday August 3, 2022 as part of the purchasing power law, but the article must still be published in the Official Journal to come into full effect. So, a little more patience for the millions of retirees concerned, the deadline is approaching. Date, amount of the increase, additional and civil servants… Find out all the details of this pension increase in our dedicated article below.
The increase in pensions is effective from Friday July 1, 2022. De facto, the very first visible increase in retirement pensions should be visible during the first payment, the following month, namely the August 9, 2022, a date announced by the Minister of Labor Olivier Dussopt in early June. “We want this indexation to inflation to be valid for pensions in July. Under the general scheme, the pension for July is paid on August 9,” he explained then. A retroactive effect to July 1 should be applied. Finally, the pension insurance informed of a delay in the payment of this increase which will not be able to intervene on the payment of August 9. For the time being, nothing is certain yet, but the first installment could finally take place during the month of September, probably on September 9. A hard blow for the many beneficiaries.
Civil servants, employees of the private sector… 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.
The successive increases in the amount of retirement pensions (1% in January 2022 et 4% in July 2022) represent a cumulative increase of about 60 euros for a retirement pension equal to 1 200 euros according to Prime Minister Elisabeth Borne who gave this figure during an interview with France Bleu on June 7, 2022.
Be careful, however, it is not the exact amount that will be displayed on your total pension since remember that this increase only concerns basic retirement pensions, excluding supplementary ones. However, the average in France for basic pensions is 704 euros according to the statement of the National Pension Insurance Fund, the CNAV. If we take this figure, the 4% gain expected this summer represents an increase of 28 euros per month. For a pension of 1,200 euros, the increase amounts to 45 euros monthly.
The 4% increase results from the inflation that has been affecting France for several months. It is therefore an “alignment” with inflation to help combat the loss of purchasing power. However, this decision is a significant development compared to the policy deployed by governments in recent years. For 10 years, retirement pensions were no longer indexed to inflation despite its inclusion in the Social Security Code, resulting in a loss of purchasing power of more than 10% in 10 years according to the orientation council of retreats. However, this 4% increase should not completely satisfy several pensioner unions who were demanding an increase of at least 4.5%, with retroactive effect from January 1.
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.
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.
Generally, these pensions are increased every year on November 1st. In 2021, the value of the Agirc-Arrco point was revalued by 1%. It therefore went from 1.2714 euros to 1.2841 euros. Regarding these supplementary pensions, the Minister of the Economy Bruno Le Maire was clear: “It is up to the social partners to upgrade supplementary pensions. We will increase the basic pensions.” So, a little more patience to know the next revaluation of the index point! But in all likelihood, the rise in supplementary pensions is expected to be announced in early October 2022. For additional Agirc Arrcothe social partners will meet on October 6, 2022 during a board meeting to formalize the service value of the point, and therefore, the increase in supplementary pensions from 1 November 2022. Last year, the negotiations initiated by the social partners led to an amendment to the 2019 agreement. less 0,5 point instead of 0.2 points to determine the development of supplementary retirement pensions in relation to the level of inflation.