PENSION INCREASE. The amount of the various retirement pensions has increased in recent months. Linternaute.com invites you to discover the complete calendar of all increases.

[Updated March 9, 2023 at 9:20 a.m.] Since November 1, 2022, Agirc-Arrco supplementary pensions have increased by 5.12%. The adjustment for the month of March 2023 also took place, due to the updating of CSG rates. Your complementary is therefore revised upwards or downwards depending on your situation (to compensate for the months of January and February). The situation will return to normal from April. Also, the revaluation of basic pensions was part of the many changes of January 1, 2023 for the French budget. The latter increased by 0.8% to take account of galloping inflation (the third increase in a year). Thanks to this boost, each pensioner concerned now pockets a bonus of 12 euros each month, for a basic pension of 1,500 euros net. Finally, the pension reform plans to revalue part of the small pensions up to 85% of the minimum wage corresponding to the increase in the minimum contribution, between 0 and 100 euros, for a maximum of 20,000 new pensioners per year.

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.

In an attempt to compensate for the galloping inflation observed in recent months, supplementary retirement pensions have increased by 5.12% since November 1, 2022. The decision was taken during the Board of Directors of Agirc-Arrco, on October 6, in the presence of employers’ organizations and trade unions. The service value of the Agirc-Arrco point was for its part set at 1,349.80 euros, against 1,284.10 euros previously. The cost of this device is estimated at 4.5 billion euros over one year. This increase was decided on the basis of an increase in the average salary of 4.82%, to which is added a catch-up of 0.1% in respect of inflation observed in 2021. The social partners have decided to grant the Board of Directors an additional margin of maneuver of 0.2%, compatible with the financial trajectory of the plan.

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Basic scheme retirement pensions saw their third increase in a year, on Sunday 1 January 2023. This time the increase was 0.8%. This third increase in one year is part of the Social Security financing bill (PLFSS) and allows the seniors concerned to pocket an additional gain of 12 euros per month for a pension of 1,500 euros, or even 16 euros monthly. for a basic pension of 2,000 euros.

Affected retirees are those affiliated with one of the following funds:

Beneficiaries of the own pension, survivors’ pensions, the solidarity allowance for the elderly (ASPA) as well as the supplementary disability allowance (ASI) are also concerned.

After the successive increases of 1.1% in January 2022, then 4% last July, the retirement pensions of the basic scheme experienced a new increase, Sunday January 1, 2023. Please note, the payment into your bank account, it , will only be effective from February 2023.

Here is the timeline for pension increases since September 2022:

In reality, there is no minimum pension in the pension reform, but a revaluation between 0 and 100 euros.

To upgrade pensions, the executive has a tool, the contributory minimum (Mico), allowing retirees who have contributed small amounts to receive a minimum basic pension amount. It is this Mico that the government wishes to increase. Today capped at 747 euros, it could increase to 847 euros thanks to the reform. However, even with a potential supplementary pension, it is impossible to say that the minimum amount of 1,200 euros will be reached for everyone. The services of the Ministry of Labor “estimate, depending on the generation, that between 10,000 and 20,000 will cross the threshold of 1,200 euros gross by this single measure” wrote the Minister of Labor Olivir Dussopt, in a letter addressed to the Socialist deputy Jérôme Guedj, Wednesday March 1, 2023.

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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 0.8% revaluation of retirement pensions. The regime, however, upgraded its point by 5.7% on January 1, 2023.

Former state civil servants, who fall under the SRE, therefore saw their basic pension increase by 0.8% and their supplementary pension by 5.7% on 1 January 2023.