what you need to know about the increase planned from November 1

The supplementary pension is what allows executives and employees in the private sector to receive an additional pension, in addition to the basic pension which is paid by Social Security. To receive this supplement, the assets concerned contribute to an organization called Agirc-Arrco, managed jointly by the unions and the employers. It is this board of directors which acted Thursday, October 6 the principle of this revaluation of 5.12% precisely for its contributors.

Compared to the 84 billion euros in services budgeted for this year, this increase in additional costs will boost spending by 4.5 billion euros next year. The accounts of the Agirc-Arrco plan are well kept and the reserves are sufficiently comfortable to assume this increase without problems. Last year, the scheme recorded a surplus of 2.6 billion euros. It has – and continues to – benefit from the post-Covid economic recovery: activity resumes and contributions with it, which makes it possible to fill the coffers.

The decision was taken unanimously except abstention from the CGT which demanded an increase of 6.2%. What really worries the social partners is the future management of the scheme. The State is in fact preparing to withdraw the collection of contributions from the complementary funds and entrust it to the Urssaf. Will the accounts be managed just as well by the public authorities and the Urssaf, whose computer systems are proving to be very capricious and reluctant to coordinate with the computers of other organizations in order to work together?

Small entrepreneurs had paid the price when the President of the Republic, Nicolas Sarkozy, had, in 2015, entrusted the management of the Social Regime for Independents (RSI), craftsmen and traders to the Urssaf. It was an industrial and administrative incident. Will the Head of State, Emmanuel Macron, have more chances to reform the management of Agirc-Arrco? Many are crossing their fingers.