PENSION INCREASE. The amount of retirement pensions will increase this summer. What amount? When ? For who ? We take stock.
[Mis à jour le 3 juin 2022 à 14h52] Retired, are you impatiently awaiting the revaluation of your retirement pension? Still a little effort, it is planned for soon! Indeed, the government must increase pensions on July 1st. Asked at the microphone of France Inter this Wednesday, June 1, the Minister of the Economy Bruno Le Maire provided more details concerning this revaluation, in particular on the pension schemes concerned: “We will upgrade all basic retirement pensions in the law that we will present in July. It is up to the social partners to upgrade supplementary pensions. We will increase the basic pensions.“Clear, clean and precise. An increase that should be effective”from August 9” according to the Minister of Labor Olivier Dussopt. In other words, the retirement for the month of July being paid on August 9, 2022, it is precisely on this date that retirees will be able to observe the revaluation of their retirement pension for the first time.
This increase in pensions should also be part of the purchasing power bill carried by Prime Minister Elisabeth Borne. A project which brings together other measures in favor of the purchasing power of the French such as the tripling of the Macron bonus or the establishment of a food check. The texts of this project should be studied in the Council of Ministers on June 29, and in the National Assembly following. Still awaiting the results of the legislative elections on June 12 and 19, and a possible majority for the group LREM in the National Assembly. Measures supposed to respond to the galloping inflation of which the country has been victims for several months (5.2% in May 2022 over one year).
The next increase in pensions should, in all likelihood, be effective from July 1, 2022. De facto, the very first visible increase in pensions will be visible during the first payment, the following month, namely August 9, 2022. .
The increase in pensions on July 1, 2022 would be around 4%. An increase that takes into account the galloping inflation observed in recent months. According to INSEE figures, consumer prices rose 5.2% in May over twelve rolling months. And this figure is set to increase next month with inflation expected to be between 5.4% and 6%. Note that the revaluation of pensions concerns the basic schemes, a gain which should represent 45 to 50 euros for a pension of 1,200 euros. An additional sum that you should be able to observe on your retirement pension paid on August 9th.
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, still a little patience to know the next revaluation of the index point.