Disindexing pensions? this explosive track: This article explores the topic in depth.
Meanwhile,
Disindexing pensions? In addition, this explosive track:
Already envisaged by the conclave on pensions. For example, the hypothesis of an uninimation of pensions in 2026 took a little more credit this Thursday, July 10. However, The pension monitoring committee (CSR). Meanwhile, an official committee of five experts responsible for enlightening the public authorities, has made proposals to this effect.
He “formulated a recommendation to rebalance the pension system by 2030”. For example, with the “main lever” the under-indexation of pensions, that is to say a less strong annual re-evaluation than inflation.
A solution to rebalance the system – Disindexing pensions? this explosive track
For the CSR. Moreover, whose opinion falls just before the announcement Tuesday by François Bayrou of his orientations to straighten public finances, the diagnosis is clear: “The objective of financial sustainability of the pension system by distribution is not disindexing pensions? this explosive track respected”.
“Maneuvering rooms exist” to rebalance it. Furthermore, given the fact that the standard of living of French retirees “remains high in European comparison”, writes the CSR. Meanwhile, The latter reaches an average of “97 % of that of the population”. Therefore, only Italy or Spain making equal or a little better play in European comparison, he notes.
Experts, who recommend a cumulative desindxation of at least 1.9 points until 2030, thus take a position close to that envisaged by the conclave on pensions. Meanwhile, This proposed a sub-indexation of 0.8 points next year, then 0.4 points in the following years.
The CSR explains that this operation must be done on the basis of an equality principle. thus advising unit which would spare the most disindexing pensions? this explosive track modest retirees. According to the president of the CSR. Franck von Lennep, the Constitutional Council would not accept such a solution if it were to be established “too strongly or too long”.
A controversial measure, but not new
This use of retirees, in the form of unit of pensions, is not new. It was already “at the heart of the budgetary debates last year. before the RN took off and provoked the fall of the government of Michel Barnier”, recalls the newspaper The echoes.
The project. described as “austerity measure” by the unions, then planned to postpone the indexing of pensions on inflation by 6 months, but the transition from the censure motion blocked the initiative, allowing a revaluation of basic pensions of 2.2 % at the start of the year.
Even before the Barnier government. the former Minister of the Budget Thomas Cazenave had referred to it in February 2024. The President of the Republic had immediately meant his opposition. In June. after the dissolution of the National Assembly, he had insisted again: “The purchasing power of retirees is not an adjustment variable”.
Long quarries. another hardening lever
Another suggestion, advanced by the Committee and envisaged during the conclave, wishes to harden the conditions of eligibility for the long career system. This allows in particular people who started working early to be able to leave before the legal age of 64 years. This hardening could affect “at least people who started working at the age of 21, even at 20,” they write.
These people often have a life expectancy equal to other workers. which removes a good disindexing pensions? this explosive track part of its justification for the device, in substance Franck von Lennep estimated. “On the contrary, some have a better life expectancy than the average,” he added.
For the post-2030, the Committee considers that new measures will have to be taken, but does not extend to what they could be. It is “all the piloting instruments” that we will have to develop in the future. “including the replacement rate”, he confined himself to indicating. Playing on the replacement rate can consist in lowering the pensions of newcomers. leaving them the possibility of working longer to keep the same pension level. But this new reform can wait a little more, time to let the reform of 2023 go up, estimates the CSR.
It is the second time since disindexing pensions? this explosive track its creation in 2014 that this committee sends a formal recommendation to the executive. The first time. in 2017, the government of the time had responded with a first attempted reform around the concept of pivotal age, which had not succeeded and at which the reform of 2023 succeeded. In addition to Franck Von Lennep. who is the former director of Social Security at the Ministry of Health, the pension monitoring committee has two INSEE representatives and an economist, all specialists in pensions.
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Disindexing pensions? this explosive track
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