Wednesday, February 18, 2015

Supplementary pensions: tracks designed to save Agirc and … – Challenges.fr

Supplementary pensions: tracks designed to save Agirc and … – Challenges.fr

Unions and management are mounted to the front Tuesday, February 17 in a complex mixture of postures and pragmatic suggestions. The opening of trading on the supplementary pension schemes Agirc for executives and Arrco for the private employees is explained by the urgency to reform.

A report by the Court of Auditors published in December, the deficits of the two pension funds have increased since 2009, to $ 5.3 billion. And the movement continues. Question the pyramid: the baby-boomers have retired massively, their life expectancy has increased (up to 28 years and 4 months for retired Agirc) and pension funds pay more and that ‘they collect in premiums.
The social partners have more than 4 years to find the 5.5 billion euros needed to account balances. Besides the additional pension funds AGIRC ARRCO have a specific constraint: they do not have the right to borrow on the markets and Agirc will even exhausted its reserves since 2018

Backward. the retirement age?

What avenues will be discussed by June? First, the radical and effective postponement of the retirement age of 2 years who seduces the employers, but scares the unions who see the first step towards a comprehensive pension reform. A more nuanced solution could emerge: the establishment of a temporary discount of 2 or 3 years for those who have not acquired the full pension. CFE-CGC who wants to save the independence of Agirc -and beyond cadre- status would be open to discussion.

Another track, adjust the amounts paid. It is no sub-index pensions because in times of inflation very low this would be ineffective. Represented by the insurer Claude Tendil, MEDEF proposes the freezing of pensions. “Freeze pension levels would be an acceptable solution because the current pensions, high are a generational heist that undermines the fairness,” argues Jerome Dedeyan, Eres expert group. Conversely
The CGT suggests increasing contributions paid by employees and employers. LCI, Eric Aubin (CGT) regretted that the calculation of income for pensions “does not include the profit sharing” the profits and defends the principle of increasing contributions on this income there. “Impossible”, says dryly Pierre Gattaz during his monthly press conference.



Merge Agirc and Arrco?

The social partners must decide a final point, the merger of Agirc two organizations and Arrco desired by the long CFDT. The risk that executives, already weakened by the crisis and deindustrialization, lost one of their last benefits.

Léa Lejeune for ChallengeSoir

Read also

LikeTweet

No comments:

Post a Comment