Agirc-Arrco supplementary pensions: what is the official revaluation of pensions on November 1? – Free lunch

In a context of high inflation for several months, this announcement is obviously good news for the 13 million retirees who will see their supplementary pension increase by 5.12%. On November 1, 13 million retirees will benefit from a 5.12% increase in their supplementary pension, according to Le Parisien. A decision which was taken this Thursday, October 6 during a board of directors of Agirc-Arrco, supplementary pension fund. Tuesday, September 27, the joint committee had set the increase up to 5.1%. In a context of galloping inflation, the social partners all signed, with the exception of the CGT, a clause which fixed the model for revaluation of these supplementary pensions. While inflation has been exploding for several months, the social partners had all signed, except the CGT, an additional clause to the national interprofessional agreement of May 10, 2019 which fixed the model for the revaluation of these supplementary pensions. A revaluation which was capped by the increase in the average salary per head (salary paid to all employees divided by the number of employees) if inflation exceeded this increase. With a margin of maneuver of 0.2% decided by the board of directors. Concretely, the increase in the average salary per head reaching 4.9%, the maximum revaluation could reach 5.1%. That is to say that people receiving a pension of €450 net monthly could have obtained an additional €22.95 each month.