Miguel Medina / Agence France-Presse
For the primary time since 2008, the French pension system has run a surplus in 2021 and 2022, however this enchancment is not going to proceed.
RETIREMENT – short-term surplus. For the primary time for the reason that financial disaster in 2008, the pension system generates a surplus of 900 million euros in 2021, in response to the annual report of the Pension Steering Council (COR) that AFP was in a position to seek the advice of on Monday 12 September. Sadly, this enchancment is not going to proceed and the pension system will return to deficit in 2023.
After ten years within the pink, the pension system will return to a surplus of 900 million euros in 2021, and the excess will probably be even better in 2022, with a surplus of three.2 billion euros.
This constructive development is because of ‘Sturdy resumption of development’ Final yr, the report develops. The rise in contribution receipts made it attainable, in impact, to fill within the “hole” within the pension system. Simply, Specialists estimate that from 2023, the entire stability of French pension plans needs to be once more Considerably deteriorate.
Balanced system at greatest in 2030
The subsequent few years will probably be fairly darkish. In line with the report, “The pension system will probably be in deficit on common over the subsequent 25 years.” The Home can also be relying on a return to the contributory/retirement pension stability stability in one of the best case state of affairs in mid 2030. Alternatively, within the worst case state of affairs, we’ve got to attend till 2070.
So, what ought to we consider the chance to reform the system, which is Emmanuel Macron’s marketing campaign promise? Every camp will discover arguments on this report. As a result of if COR predicts that ” The pension system will run deficits on common over the subsequent 25 years “He additionally confirms that his work” Do not imagine the deserves of sermons that introduce an uncontrolled dynamic of pension expenditures “.
order stays ‘Structural deficit’In an interview with the newspaper, the purpose The Minister of Labour, Olivier Dusupt, introduced that he could have “Change with social companions on September nineteenth on the idea of (this) report”. However unions are already unanimous on one level: If the federal government decides to vary the authorized retirement age within the fall whereas discussing the Social Safety finances, it can depart the negotiations instantly.
Below the Touraine reform handed underneath Hollande’s five-year mandate, the subscription interval is progressively elevated to 43 years for individuals born in 1973 or later.
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