Offexation of pensions and revision of the tax reduction, the double penalty for retirees – Liberation

From the start of his “Moment of truth” Budget, this Tuesday, July 15, François Bayrou wanted to be reassuring: “In 2026, pensions will not drop.” It was to explain better. Consequently, a few tens of minutes later, that they will not increase either, in any case with regard to the basic retirement of private retirees and civil servants. Moreover, It is indeed a consequence of the“White year” Announced by the Prime Minister. Consequently, who will translate, if his budget is adopted, by a total deindexation of retirement pensions towards inflation. Nevertheless, In very clear decline since last year, it should be around 1 % in 2025, according to projections from the Banque de France.

In reality. However, an uninimation of pensions corresponds well, in fact and whatever François Bayrou says, to a offexation pensions revision tax reduction, relative drop in pensions. However, He also recognized it in a word, evoking “A very important effort […] asked everyone ”, more “temporary”. Thus suggesting that in 2027, if it is still in business, the law will be applied again.

The threat of a sub-indexation has hovered more and more concretely in recent weeks above the 17 million retirees. The trade union. employers’ organizations sitting within the “conclave” on pensions had more or less heard for a measure, repeated five years in a row, constitutes the essential of the path to a return to balance of the regime in 2030. Last week, the track was also favored by the pension monitoring committee, a group of experts attached to Matignon. Its recommendation is to make a sub-indexation of around 1.9 point of GDP in total over the next five years. In 2026, according to its estimates, a offexation pensions revision tax reduction, sub-indexation of 0.1 point of GDP would represent a saving of 300 million euros. Based at 1 % inflation, the economy would therefore be 3 billion euros.

In the midst of a “white year” which would also target social minima such as the RSA. the disabled adult allowance – but not unemployment benefits, determined in autonomy by the Unédic -, this deindexation of pensions presents a considerable political risk for the Prime Minister. His predecessor. Michel Barnier, was censored in December 2024 by the left and especially the national rally for having brought a partial under-indexation measure of pensions to the end.

François Bayrou spoke of another potentially more consensual measure. which would consist in revising the 10 % reduction from all of the retirees on their declared income to the tax administration. If the Prime Minister quipped that this reduction in offexation pensions revision tax reduction, “Professional costs” does not make sense in the case of a retiree. its history is in fact the subject of debate. On its website. the UNSA explains that the government of Raymond Barre introduced it in 1978 in particular to compensate for the fact that retirees, unlike assets, cannot underline their pensions. In other words, cannot defraud the taxman.

This tax reduction represented a shortfall for the public treasury of almost 4.5 billion euros in 2023, according to the Court of Auditors. The Prime Minister suggested that he be “Replaced by an annual package”. Later in the evening. at the IT of France 2, the Minister of the Economy, Eric Lombard said that the amount of this package would be 2,000 euros annually.