The note from Ifrap Le Figaro.
Emblematic measure of Emmanuel Macron's program in 2017, the implementation of a systemic pension reform and a universal pension system was one of the first waivers of the five-year term after much procrastination and strikes.
The government has wanted since the start of the five-year term not to carry out parametric reform and yet this is what France lacks.
The President of the Republic has now changed his mind and will visibly propose to push back the age in his 2022 - 2027 program.
To discover
The 2021 Christmas bonus will be paid from December 15
Are you having a good retirement?
Read also Will Emmanuel Macron be the first president not to change the pension system?
So far, what has been done between 2017 and 2022 on pensions?
not much, or very little:
The increase in the minimum old age voted in 2017,
brought to 903 € per month in 2020. This measure represents an effort estimated at 525 million euros over 3 years, which benefits the 550,000 retirees already receiving the minimum old age and increases the pension of 46,000 additional retirees.
The creation of PER
. The simplification of supplementary retirement savings vehicles managed by capitalization with the PACTE law (Action Plan for Growth and Business Transformation), adopted in 2018. Unlike life insurance or regulated savings, 220 billion euros were invested in complex savings products with rigid exit conditions. The PER retains a deductibility of payments maintained (even if the capital will be taxed at IR and subject to social security contributions on exit) and above all a relaxation of exit conditions (purchase of the main residence for example). Since its entry into force in 2019, it must be recognized that the Retirement Savings Plan (PER) has been a success: in the first half of 2021, PER recorded 668.000 new policyholders.
Read also Perco, PEE, PER… Everything you need to know about employee savings plans
A law to promote the combination of employment and retirement?
The employment rate of seniors is low in our country. The deputy Didier Martin LREM tabled a bill recently registered in the National Assembly which proposes to abolish pension contributions which combine pensions and employment and contribute for pensions without rights. The OECD emphasizes that France is the only country in this situation. Removing old age contributions from working retirees would cost a little less than 500 million euros per year to social accounts. Allow working retirees to obtain additional pension rights through their contributions - this would allow them to have on average, according to estimates, 5% more pension amount per month ...It is not at all certain that this law will be passed before the end of the five-year term, but it is possible that this measure appears in the 2022 program of the government majority.
In summary:
the government spent more on the minimum old age, rationalized additional pensions. But he did not carry out the essential reforms that would rebalance the old age accounts, namely postponing the age. We cannot supposedly want to raise the retirement age while putting in place mechanisms that promote early departure: long career (introduced in 2003), active categories, hardship (introduced in 2013), etc. The proliferation of systems in recent years has had a significant cost close to € 15 billion.
Measures to be taken:
postponement of the retirement age, compulsory capitalization share, end of contributions without rights for retirees who combine employment and retirement, alignment of the methods of calculating public sector pensions with private pensions ( there is about 20% of difference today between public pensions and private pensions in favor of public pensions), abolition of special schemes… This government, unlike previous governments, which have all reformed - except the Jospin government which has just set up a reserve fund for pensions-in-depth pensions (1993, 2003, 2010, 2013…) has not taken up its responsibilities in this matter by intervening in an impressionistic way.
