Through Timothee L’Angevin
updated 6-Oct-22 at 18:03
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A welcome boost for more than 13 million retirees. This Thursday, October 6, 2022, Agirc Arrco, the organization that administers supplementary pensions, has just reveal a 5.12% re-rating of pensions from November 1st, during its board of directors. This increase comes a few weeks after the 4% increase in the general system.
“The system thus helps to preserve the purchasing power of private pensioners in an economic environment characterized by inflation that is higher than wage developments,” writes Agirc Arcco in a press release.
Cost of 4.5 billion euros
The new value of the point will be set at 1.3498 euros and will be used to calculate pensions from the November 2022 reference date, which will be paid on Wednesday 2 November.
This increase amounts to more than 4.5 billion euros. “This is made possible by the solid financial situation of the Agirc-Arrco scheme, whose action is based on an important principle: guaranteeing the payment of pensions to each generation without burdening future generations. »
The CFDT welcomed “very good news” for supporting pensioners’ purchasing power: “Under its operating rules, the system should have increased pensions at the same rate as wages, ie 4.8%. The CFDT also welcomes the agreement of the trade unions and employers’ organizations that have made this possible. »
An increase close to inflation
More specifically, supplementary pensions are managed by unions and employers and concern private sector workers who have to contribute to the Agirc Arrco scheme.
These contributions enable the receipt of a supplementary pension to the basic social security pension, which is paid by the National Old Age Insurance Fund. So from the state.
In total, 13.2 million pensioners benefit from an Agirc Arrco pension, for a benefit amount of 84 billion euros to be paid in 2021. 25 million people contribute to this organization.
Despite runaway inflation in recent months, these pensions have not been revalued since November 2021. At that point, they were only up 1%. The current increase is therefore closer to the price increase, which according to INSEE was 5.6% in September.
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