What is the revaluation for supplementary pensions ?

what retirees should expect in 2019 for their pensions Agirc-Arrco ?

to 0.3 %, it is the rate of revaluation has been applied to the pension base on 1 January, on the decision of the government. What about supplementary pensions for private employees, paid by the Agirc-Arrco ?

what retirees should expect in 2019 and in the years to come ? How the rate will it be fixed ? The decision is up to the social partners, in this regime are managed on a parity basis. The kick-off of the negotiations on this thorny issue has been blown the 31 January at the paris headquarters of the Medef, where were gathered representatives of trade unions and employers. After a rise of 0.6 % at the end of 2018, the next indexation is scheduled for 1 November.

reserves are insufficient ?

What is their margin of manoeuvre ? In the new unified regime Agirc-Arrco (the two schemes were merged), and the adjustment is no longer based on the evolution of prices (inflation), as was the case until 2018, but on the evolution of wages (more precisely, the average salary of the assets of the plan). It may, however, be reduced by a "factor of sustainability", to take account of the economic and demographic situation. Example : if a 2% increase in the average wage is anticipated on the year and that it decides to apply a subtraction of a point, and the adjustment will be 1% (2% - 1 point).

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It is up to social partners to set the level of the reduction. With a constraint : the plan must have, at any time, reserves equivalent to six months pension due. These rules are included in the agreement to the joint 2015 that draws the operation of the unified regime.

however, according to projections provided by the technical services of the plan, the Agirc-Arrco has reserves equivalent to six months pension until 2023 or 2024 (the date varies according to economic scenarios) if no factor of sustainability is applied, that is to say, if the revaluations annual successive follow the evolution of wages.

according to these same projections, apply a reduction to be slightly higher at one point would, however, plan to keep for fifteen years the reserves required. Sound level accurate differs according to the economic scenario has been selected : it is 1,072 point in the most optimistic (that is based on the assumptions of the government), 1,165 in the intermediate scenario, and 1,275 in the most pessimistic scenario (the assumptions of the european Commission).

Still unclear on what economic scenario, the social partners will base their decision. But also if they will choose or not to fix a minimum rate of revaluation for the years to come - if they have taken the habit to include in their agreements that the indexation rate may not be less than 1, so that the pension cannot fall, they may choose this time to go further in setting out an appreciation to a minimum.

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other topics burning soon on the table

Attention, the negotiations which started not only concern the levels of adjustment of pensions, but more generally everything that falls under the "strategic management" of the plan for the coming four years.

In order to meet their objective of reserves, the social partners can also operate other settings, the rate of adjustment of pensions (technically, it is the appreciation of the "value of service" of the item), including the contribution rate, the purchase value of the item (how much does it contribute to get one ?) or the terms of the new bonus-malus. The CFDT, which, in January, was revived in our columns the debate on the desirability of this scheme entered into force on 1 January, has indicated that she would put the topic on the table at the next meeting.

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other levers less common could be discussed. The CFDT in particular was discussed, a reflection on the management of reserves and their performance.

Next negotiation in spring

If the sensitive issues were carefully avoided by most of the social partners in this meeting, they should enter into the heart of the matter in the weeks to come, during the bilateral meetings scheduled between the Medef and the trade unions (CFDT, CFTC, CFE-CGC, CGT, Force ouvrière), and during the next bargaining session common announced in late march or early April.

This new round of negotiations begins in a particular context. While trade unions and employers gathered in the Medef on Thursday, several thousands of pensioners protested, recalling that any action related to the purchasing power conceals an explosive potential. Hard to forget also that parallel to these discussions is to secure the future unified system of retirement.

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Pension and supplemental pension

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No surprise, then, that the question of the governance of the latter has not yet been addressed in the concertation social conducted by the high commissioner to the reform, most of the social partners do not hide Thursday, their desire to appear as responsible managers.