DECRYPTION – Since pensioners have not suffered, like working people, the impact of the Covid-19 crisis on their purchasing power, the idea of asking them to make an effort is gaining ground.
Already in bad shape, the pension system has deteriorated even more with the health crisis. In two years, the prospect of an exit from deficits has increased from 2036 to 2045, according to the latest report from the Retirement Orientation Council (COR) published at the end of November. And again, these projections are based on overly optimistic assumptions: this would imply an improbable increase in productivity of 1.8% per year … while we have not exceeded 1% each year for 20 years. With a rate – still very optimistic – of 1.5%, it would take until 2053 to return to equilibrium. Below that, the system would remain in deficit for a long time, at least until 2070.
However, impossible to drag this abyssal hole without reacting. In a pay-as-you-go system, “contributions from active workers must pay retirees’ pensions, et s’balance on average year after year», Recalls Didier Blanchet, president of the Retirement Monitoring Committee (CSR), which called on the government to react on Monday, December 21
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