Monday, July 11, 2016

Pensions: the government, need to back the retirement age – Le Point

No need to postpone the retirement age, welcomed Marisol Touraine Monday. Building on the “very strong recovery” of the pension system accounts, the government sharpens its weapons for the presidential Tackles the passage of Alain Juppé programs, Nicolas Sarkozy and others.

“France knew put its pension system on the path of sustainable financial balance “, welcomed Monday the Prime Minister Manuel Valls, touting” a clear recovery, “after receiving the third review of the pension monitoring committee.

“the financial balance of pension schemes (…) is ensured”, echoed the Minister of social Affairs Marisol Touraine, at a press conference at Matignon.

Established in 2014, the monitoring Committee must verify that the system meets three objectives:. standard of living of pensioners, fairness between policyholders, financial sustainability

in case of non compliance with these objectives and based on the published projections a month earlier by the retirement guidance Council, the body may also make recommendations, it will not happen in 2016, for the third consecutive year.

it notes contrary ” the slow but significant improvement “system,” as a result of reforms introduced during the last decade “, like those of 2010 and 2014, and the agreement on supplementary pensions Agirc Arrco-end 2015.

Main source of satisfaction for the government, for the first time in over ten years, retired branch of social security should be in surplus this year to 500 million euros.

A return to the green which does not take account deficit of Old Age Solidarity Fund (FSV), which include paying the pension contributions of the unemployed and the minimum old-expected 3.9 billion euros .

And widely linked, according to the Commission of Social Security accounts, reform of Nicolas Sarkozy, who declined the statutory retirement age from 60 to 62 years.

– “Messengers of anxiety” –

According to the forecasts of the NRC, more optimistic this year than in 2015, the pension system deficit (all plans and FSV included) would be reduced to about 2020 to -0.2% of GDP, or about 4 billion euros. With an unemployment rate of 7% and a minimum growth of 1.5% of earned income, the balance would even in the mid-2020s.

Therefore, “the question the age of retirement today has reason to be asked for financial reasons, “argued Marisol Touraine, launching a message to the main candidates of the primary right, all supporters of a decline , 65 for Alain Juppé and François Fillon, to 64 for Nicolas Sarkozy, tipped candidate.

“Those who want to distill bad news (…) play on the concerns, (…) that in view of the upcoming elections want to be the messengers of anxiety” have wrong, she launched them.

Charge them to “assume” the choice of a further decline, which is “not that of the government” and that does not justify the financial situation, warned the minister.

other “developments will intervene,” she emphasized, however. Indeed, the Monitoring Committee, which is concerned about the extreme dependence of the system to productivity growth, suggested reviewing the indexation system of wages taken into account for the calculation of pensions. A point already in the study.

It also suggests continuing harmonization began between schemes, focusing this time on the “family benefits and survivors’ benefits” to ” more readable system and easier to control, “including for civil servants.

in addition, the standard of living of pensioners is expected to decline in the long term compared to the rest of the population, while decrease the replacement rate. It will then “look very closely the situation of the poorest pensioners,” said Yannick Moreau, Chairman of the Monitoring Committee of pensions

07/11/2016 6:43:46 p.m.. – Paris (AFP) – AFP © 2016

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