Friday, September 12, 2014

Small pensions: no increase – Press Centre

Small pensions: no increase – Press Centre

The modest retirees will be housed in the same boat as the others. Because of low inflation, pensions will ultimately not revalued.

The new will not go down in the poorest pensioners. Values ​​less than € 1200 pensions will not be uprated in three weeks because of the “very low inflation” , announced Friday the Department of Health.

The Government nevertheless expected to save the smaller retreats measure freezing decided last spring as part of the savings plan. He then expected inflation of 1.1% this year, which would have represented an average increase of about five euros per month for smaller pensions.
But Finance Minister Michel Sapin, has revise the inflation forecast to 0.5% in 2014 Due to the mechanical application of the rules of calculation, these pensioners will therefore not have a euro more in their wallets. In practice, this amounts to a freeze eighteen months since the date of the annual adjustment had already been shifted this year from April to October on the occasion of the pension reform.

Fifteen million pensions frozen

The stabilization of the smaller pensions somehow facilitates the task of government, since a revaluation of pensions only less than € 1,200 s

‘announced very complex. It was a “gasworks” confirms Philippe Pihet, FO Confederal Secretary, in charge of pensions. “It seemed somewhat unrealistic ‘, he said. However, “the government could revalue pensions when inflation was more important, he had a year and a half to do it,” , has he said.
Finally , those are the some five million French retirees will not see their pensions increase by October 2015 pensions of retirees minimum pension benefit instead “a boost in October,” the ministry said, without disclosing the amount.

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& gt; UNRPA. “Five dollars more per month for the most disadvantaged, it was not anything! “Railed Annie Little, national secretary of the National Union of Pensioners and the elderly. “We can not revive the economy without restore purchasing power to the people. “
& Gt; FO. “Ideally, five euros a month is a very small amount,” agreed Philippe Pihet, FO Confederal Secretary, in charge of pensions. “Unfortunately, for many retirees, it is not negligible. Some rely on to make ends months, “he said.

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