Élisabeth Borne had renounced a drain on the supplementary pension plan for private sector employees. The Agirc-Arrco jackpot is managed scrupulously by the unions and employers.

On the clock at the end of 2023, a new surplus of 4.3 billion euros (after 5.6 billion in 2022) and 78.5 billion euros in reserves as of December 31. “We have the impression of arriving with a cake next to a table of hungry ministers,” confides one of them.