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The pension funds puzzle for paying pensions

2020-06-01T09:55:13.566Z


The health crisis and the deferrals of contributions have led to a fall in revenues for complementary and professional organizations.


The massive use of short-time working and the postponement - which some of them turn into cancellations - of social security contributions decided by the government in different sectors have forced pension funds to adapt to pay pensions. This is the case of Agirc-Arrco, the supplementary pension fund for private sector employees, which normally receives approximately 7 billion euros in contributions from 18 million workers each month in order to be able to repay 6 billion euros. pensions to 13 million retirees and 1 billion to the State for the source deduction and the CSG.

Read also: Partial unemployment: "If it lasts more than a quarter, contributions for retirement will be impacted"

At the end of May, Agirc-Arrco - which held an office on Thursday evening - "had only collected 60% of the expected contributions, or 3.7 billion euros," said its president Jean-Claude Barboul. These sums, which must be used to pay the June pensions, are however a little better than expected, when the fund anticipated a shortfall of 50%. In addition, she received regularization

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Source: lefigaro

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