Infotech

Pensions should be revalued by 0.8% in January


Posted Sep 25, 2022, 6:13 PMUpdated Sep 25, 2022, 6:22 PM

Finance Minister Bruno Le Maire has been hammering it for several weeks, there will be a further increase in pensions next January. But on reading the Social Security financing bill for 2023 obtained by “Les Echos”, the revaluation will remain modest: +0.8%.

This year, under the pressure of soaring prices, the government had decided to anticipate the revaluations of social benefits, which, in normal times, are established on the basis of the inflation observed the previous year. Thus, after a 1.1% increase in January 2022, pensions were increased by 4% on July 1. The same goes for social benefits (family allowances, RSA, etc.), which received a 4% boost in July after a 1.8% increase in April.

Debate in sight at the Assembly

However, as these exceptional increases were not effective until mid-year, the government calculates in the PLFSS that this corresponds to an annual average increase of 3.1% for pensions. There will remain a residual increase estimated at 0.8% on 1er January 2023, still for 2022 inflation.

For family allowances and the RSA, the new programmed increase would be 1.7% on 1er april. These remain estimates, the precise amount of the increases will be established on the basis of the inflation actually observed (between November 2021 and October 2022 for pensions, and between February 2022 and January 2023 for other benefits).

Moreover, in view of the high inflation still expected next year (+4.3%), a debate on a new anticipation of revaluations could open in Parliament during the examination of the Social Security budget, planned from mid-October in the National Assembly. The left opposition has already made it one of its demands.

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