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Agirc-Arrco pensions: 68 billion euros at the heart of tensions

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While the available reserves of Agirc-Arrco are arousing debate, a first meeting between the unions and employers took place on July 11 to discuss the new rules for steering the supplementary private pension scheme, as well as the important sum of 68 billion euros currently at stake. Indeed, Agirc-Arrco shows a positive result of 5.1 billion euros in 2022 while the next pension reform should ensure this positive status with a passage retirement age set at 64.

According to Agirc-Arrco, the favorable situation of the regime should continue over the years. Negotiations with the union and employers will therefore open in September, over a period from November 1, 2023 to 2026. At the heart of the debates are the strategic orientations, as well as the parameters of the evolution of pensions, which will be mentioned. An agreement must be reached on October 10 and it should impact more than 13 million retirees. Among the major issues, the sum of 68 billion euros in reserve, defended by the former president of Medef, who estimates, as La Dépêche reports, that “if the unemployment rate remains at 7% in 2030, it will not there is no more surplus”.

For the time being, the negotiations promise to be difficult since the State would like to use this money to finance new expenditure linked to the pension reform. Agirc-Arrco opposes this, considering that “reserves representing six fewer pensions at a maturity of fifteen years” must be available. The unions, for their part, hope to see the bonus-malus, applied since 2019, disappear, as well as an increase in supplementary pensions. They are therefore campaigning for an increase in the value of the Agirc-Arrco point.

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