Tuesday, December 16, 2014

Pensions: Matignon excludes any new reform 2017 – The Obs

Pensions: Matignon excludes any new reform 2017 – The Obs

Paris (AFP) – The Minister of Labour François Rebsamen has caused confusion by releasing Tuesday that the government would extend if necessary the contribution period for a full pension, but Matignon cut short any debate ensuring that there was “no question” of a new reform by the end of five years.

The statement of Minister of Labour surprised when the sustainability of the basic pension system seems better served in the short term, according to the Council of the Pensions (COR). Conversely, supplementary pension schemes are facing bankruptcy.

Speaking earlier this afternoon before the questions to the government, François Rebsamen observed that “the slight increase in contributions we made today provides to the horizon 2023-2025 the system of French pensions. ” He also assured that there was “no question of lowering the level of pensions.”

But he went further. “If we gradually is also provided in the law Ayrault, extend the contribution period, well, we’ll do it because it is normal that when life expectancy is growing proportionately lengthens the contribution periods, “he blurted out.

” Is it two years? (…) We will see what will tell the Pensions Board, ” -t he said.

In turn, the Minister of Social Affairs Marisol Touraine, the president of the Socialist Group Bruno Le Roux and the entourage of the Prime Minister hammered that no new reform was project.

“Nothing” is planned that the reform implemented since January, said Marisol Touraine. For her, “the situation today is simple: a pension reform was conducted, which is bearing fruit.”

In the evening Matignon reassured that “it was not issue to start work on a new pension reform “

-. On ‘ignites from nothing’ –

” It comes out of a pension reform that was passed there less than a year, ensuring a return to balance of the pension system in 2025 and the maintenance of this balance until 2060. So there is neither the will nor the need a new pension reform, all that ignites from nothing, “he told AFP an adviser to the Prime Minister.

Laurent Berger, secretary general of the CFDT, one must First “install” reform passed in 2013 before considering another. “We will not add to the reform of the reform”, he started.

himself, François Rebsamen had insisted his remarks. “The law that was passed provides a lengthening of the contribution period to 43 years from 2035. I did not add anything else,” he argued.

Ayrault reform provides for a full pension, to reach a contribution period of 43 years (172 quarters) in 2035, 1973 and for the next generations. However, the law does not affect the legal age of retirement, set at 62 years. It provides that such measures can evolve.

Now, in his last updated projections presented Tuesday, the COR believes that a return to equilibrium of the system is possible by 2020 if the activity economic leaves.

“This does not mean that the solution exists and that there is more work to be done,” he told reporters relativized its President, Raphaël Hadas-Lebel because “there is the possibility of” low productivity growth and therefore a long-term financing needs.

COR projections show that the combined effect of reforms, effective age of retirement gradually reach 64 years.

However the situation is much more difficult for supplementary pensions.

Supporters of longer duration of work, as the UMP Xavier Bertrand, based on the deficits of supplementary pension schemes, and plan to make it a Trojan for basic pensions.

To address the potential hole 15 billion in 2030 these AGIRC ARRCO schemes, the ECA recommends including a decline of two years from the legal retirement age, or 64 years to receive his supplementary pension.

The social partners, managers AGIRC ARRCO should reopen negotiations in February to save these plans.

The employers are hostile to any new increase in contributions, which would weigh on the cost of labor, but calls for a decline in the retirement age. What unions do not.

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