The high court recalls that the pension system will remain deficit for at least ten years if no action is taken, and that “more late retirements” should be considered.
In terms of pensions, there is no alternative: new “efforts” will have to be realized to reduce the finances of the system to balance. This is the message – devoid of surprise – that the Court of Auditors delivers in a synthesis note broadcast on Thursday, October 21. If several solutions exist to tighten the screw, the high jurisdiction lies a little more on the hypothesis of a decline of the age from which the insureds claim the payment of their pension. This track – politically explosive – converges with the idea defended by Emmanuel Macron that “we will have to work longer”, without being able to know even clearly if the President of the Republic wants to put it under the current legislature or make it a theme of the presidential campaign of 2022.
The document broadcast Thursday is part of a first series of “works” to present “the main challenges facing public policy makers”. The magistrates of Cambon Street in Paris intend to participate in the collective reflection on “essential structural issues”: justice, universities, police, etc. “We are in a period when the reducing remarks, the caricatural ads, or even misinformation prospered, explains Pierre Moscovici, the first president of the Court of Auditors, in an interview in the Parisian of Thursday. In this context, the choice of citizens. need to be supported by objective, quantified elements, established by a trusted third party. “
Although he has experienced five scopeful reforms since 1993, the pension system remains confronted with financing problems that have been “accentuated” by the health crisis: in 2020, the deficit reached “13 billion d ‘Euros’ (taking into account an outstanding endowment of 5 billion brought by the reserve fund to the general plan) and is likely, according to the Court, to persist “at least for ten years” if no measure of magnitude is not taken.
To bridge the “hole”, new resources could be released by increasing contributions but the authors of the synthesis consider that “the margins of maneuver” are restricted, “France [having] already the mandatory levy rate higher of the European Union “. In this context, it is preferable – according to the high jurisdiction – to act on the expenses. Multiple levers can be operated: postpone “the age of rights” – that is, the age at which individuals can request the payment of their pension – increase the duration of activity required to benefit a full rate retirement, playing on the rules for calculating or revaloring the sums paid, etc.
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