On October 6, Agirc-Arrco, which manages supplementary pensions, will announce the level of revaluation of pensions, applying from November to the 13 million former employees who are beneficiaries. According to Le Parisien, it will be close to 5%. Enough to complete the two increases in basic pensions.
After the revaluation this summer of old-age pensions, it will be the turn of the Agirc-Arrco supplementary pensions to see their level adjusted with inflation in November.
The final level of this revaluation has not yet been definitively determined. It will be on October 6. At Agirc-Arcco, a pension fund managed by employers’ organizations and trade unions, financial decisions are the subject of tough negotiations.
An increase that could reach 4.9% to 5.2%
According to Le Parisien, part of the unions plead for an increase of 5.2% while on the employers’ side, we would prefer to limit ourselves to 4.9%. But in any case, the revaluation should be close to 5%.
And this will concern many people since any retiree who has worked as an employee in the private sector receives a pension from Agirc-Arrco. They are a total of just over 13 million men and women, of whom nearly 850,000 have chosen to settle abroad.
This revaluation will play an important role in making up for the loss of purchasing power of retirees due to inflation. The amounts paid by Agirc-Arrco indeed represent a significant part of their pensions. The latest known figures are for 2020.
A hundred euros more in two years
The average amount paid to a man who has spent his entire career as an employee in the private sector reached, two years ago, 1784 euros (992 euros paid by the National Old Age Insurance Fund and 792 euros from supplementary pensions).
By applying the various revaluations that have been granted since the end of 2020 and that of Agirc-Arrco in November, this same retiree will have seen the level of his two pensions increase by 103 euros, an increase of 5.7%. over two years. A catch-up less than inflation over the same period.
Women’s pension 42% lower than men’s
For women, the revaluation is, of course, the same in percentage (+5.7%) but as the level of pensions (1049 euros in 2020, i.e. 42% than for a man) is lower, the average increase is limited at 59.50 euros. This gap is linked to wage differences which, when these retirees contributed, were even greater than they are today.
They are also due to the fact that many women among those born in the 1930s, 40s and 50s interrupted their careers more often, if only because the average number of children per woman was higher.