a surplus of €3.7 billion is expected at Agirc-Arrco in 2022

The good financial health of the supplementary regime could serve as an argument for the unions who want the government to delay the pension reform.

The supplementary pension scheme for directors and Employees of the private sector of Agirc-Arrco should still be largely in the green this year, with a “technical result” estimated at 3,700 million euros, according to an internal document consulted on Friday, September 23 by AFP.

The big box is overflowing. depending on the scenariocentralrecently presented to its financial commission, Agirc-Arrco expects a surplus “technical” (before financial result) of 3.7 billion euros this year. After the surplus of 2,600 million already registered last year, the system managed by the unions and employers therefore continues to reap the fruits of the post-Covid economic recovery.

Pension revaluation

Enough to feed the next discussions on the revaluation of pensions on November 1, especially since a profit of 1,500 million is still projected for 2023 and that the “Golden Rulehaving six months of financial reserves over a 15-year horizon would still be valid. At this stage, an increase of at least 4.9% is guaranteed, corresponding essentially to the evolution of wages (4.8%) and a slight recovery (0.1%) of underestimated inflation in 2021, they told the AFP several union sources.

Better than the 4% granted this summer by the Government on the basic pension service by the Sécu, but lower than the increase in prices without tobacco, quantified by Agirc-Arrco at 5.3% year-on-year. Compared to the 84,000 million euros in benefits budgeted for 2022, this mechanical increase will cause spending to jump by more than 4,000 million next year.

However, some negotiators hope to obtain more to limit the loss of purchasing power of retirees. The subject will be placed on the table of a “Joint Commission” Tuesday afternoon, prior to a Board decision on October 6. But the social partners have limited room for maneuver due to their “Golden Ruleand principles established before the health crisis, which prevent them in particular from revaluing pensions beyond the increase in wages. Negotiating a new deal in early 2023 will allow them to get everything back on track.

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